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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices may be losing Iranian ‘risk premium’

Posted on 07 November 2013

One of several factors contributing to the sharp drop in global oil prices in recent months has been optimism about a deal over Iran’s nuclear capabilities. Despite Tehran’s denials, fears the country is developing nuclear weapons has kept the international benchmark price for crude oil above $100 a barrel for nearly three years.
A new round of talks over Iran’s nuclear program begins in Geneva on Thursday. Iran’s top negotiator has said it is possible that there could be a preliminary deal as early as this week, which could have a dramatic impact on oil prices—and U.S. consumers………………………………………..Full Article: Source


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