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

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Source: Bloomberg
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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Mon, 25 Nov 2013 10:40:03 GMT

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

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

Mon, 25 Nov 2013 10:18:05 GMT

Japan is likely to achieve 2% inflation target: Kuroda

The Japanese central bank's Governor Haruhiko Kuroda expressed confidence that the country is likely to reach its inflation target of two percent as expected amid an improvement in aggregate demand and supply balance and as CPI is forecast to maintain its uptrend. However, the Bank of Japan's policymakers also added that the nation may not be clear yet about a

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