WTI falls on Iran's nuclear programme and oil sales cap

Source: Bloomberg
West Texas Intermediate oil declined on Monday together with Brent crude after the global powers and Iran reached a deal on the country's nuclear programme cutting Iranian sales of oil by 60% since the beginning of 2012. WTI for settlement in January slipped $1.45 to $93.39 a barrel on the NYMEX, while the discount to Brent shrank to $14.70 today from $16.21 on November 22.

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Mon, 25 Nov 2013 10:51:03 GMT

Asian stocks climb as Yen drops

The Asian stocks paired gains after the Yen dropped and Iran agreed to restrain it's nuclear program. The MSCI Pacific Index increased 0.3% as eight out of ten industry groups advanced, while in the previous week index dropped 0.2%. In Asian stocks Nikon Corp. jumped 3.6%, after the Japanese Yen touched the lowest level in nearly six months versus the

Mon, 25 Nov 2013 10:29:02 GMT

Brent falls as Iran and global powers reach deal on nuclear programme

European benchmark Brent crude slipped on Monday heading for the largest drop in a three-week period after the world powers and Iran agreed on a preliminary accord on Iran's nuclear program reducing economic sanctions while maintaining oil sales cap. Brent for delivery in January fell $2.99 to $108.06 a barrel on the London's ICE Futures Europe Exchange.

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