Brent
crude rose for a second day after Iran and six world powers were unable to
reach an agreement on curbs to the Islamic republic’s nuclear program.
Futures
advanced as much as 0.4 percent in London while West Texas Intermediate added
0.2 percent. Talks between Iran and the five permanent members of the United
Nations Security Council as well as Germany ended after four days in Geneva
without a deal. International Atomic Energy Agency chief Yukiya Amano leads a
delegation of inspectors flying to Tehran for negotiations today aimed at
widening access to people and places connected with Iran’s nuclear work.
Brent
for December settlement climbed as much as 44 cents to $105.56 a barrel on the
London-based ICE Futures Europe exchange and was at $105.51 at 7:10 a.m. in
Singapore. The volume of all futures was 27 percent below the 100-day average.
Prices dropped 0.8 percent last week.
WTI
for December delivery rose 16 cents to $94.76 a barrel in electronic trading on
the New York Mercantile Exchange. Prices slipped 1 cent last week, a fifth
consecutive decline. They reached $93.37 on Nov. 5, the lowest close since June
4. WTI was at a discount of $10.89 to Brent, from $10.52 at the end of last
week.
(Source:
Bloomberg)
No comments:
Post a Comment