Oil prices drop after Iran sanction carve-outs

NEW YORK (AP) — Crude oil prices briefly dipped into a bear market after President Donald Trump carved out some countries from U.S.-imposed sanctions on Iran.
The price of West Texas Intermediate crude reached a low of $61.31 a barrel Tuesday. That was down about 20 percent from Oct. 3 when oil was trading at $76.41 per barrel at the market close.
Trump re-imposed sanctions on Iran Monday, and in the lead-up to the announcement analysts feared global oil prices could spike.
But Trump carve