01.10.2013 - Iran talks help keep oil prices stable
Amicable talks with Iran's leadership, a possible government shutdown, and easing tensions with Syria pushed oil prices near $100 a barrel last week. As a result of the lower cost of crude, fall gas prices are expected to continue on a downward trend. Talks with Iran could mean a removal of sanctions and the return of Iranian oil to the market. Currently, the oil market is well stocked. Crude inventories unexpectedly rose for the first time in a month by about 3 million barrels, according to the Energy Information Administration (EIA). The EIA initially forecast a 1 million barrel increase in supplies...............................................Full Article: Source
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