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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (29093)	2/17/2022 10:11:23 AM
From: Les H	Read Replies (1) \| Respond to of 48842

The negotiations in Vienna over the revival of the Iran nuclear deal, known as JCPOA, are almost certainly close to an agreement. The surest sign is that crude oil futures were sharply lower in mid-morning Asian trade Feb. 17 despite bearish developments due to the rising tensions on the Ukraine-Russia border. Even an interim deal could potentially increase oil exports by 700,000 b/d, according to S&P Global Platts Analytics, easing the persistent tightness in oil markets. indianpunchline.com Oil Prices Fall As Iran Negotiator Says Deal Is “Closer Than Ever” By Irina Slav - Feb 17, 2022, 9:00 AM CST A tweet from Iran’s main negotiator in the nuclear deal claimed that an agreement was closer than ever, sending oil prices falling on Thursday. Iran has already started preparing for the return of its crude to international markets, with officials from the state-owned oil company having visited South Korea to discuss deals. A successful deal could add 500,000 bpd of oil to global markets between April and May but a failure to come to an agreement would likely send oil to $100. oilprice.com