UPDATED -- Amid falling prices for crude oil, troubled energy business Daybreak Oil & Gas Inc. has recorded further losses. Volatility in oil prices is expected to continue in the wake of the July 14 announcement that Iran has reached an accord with U.S. and other world powers to curb its nuclear program in exchange for lifting international sanctions on oil exports later in the year.

Spokane, Washington-based Daybreak, an oil and gas exploration and production company, has an interest in 20 producing wells in California, plus a project in Kentucky. 

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