Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
Brent Oil Prices drop on Iran deal
00:00, 25 November 2013
Brent Crude prices have dropped sharply after closing at four week highs at the end of last week after weekend news that Iran had reached a deal with respect to restrictions on its nuclear program. On Friday the gap between US WTI prices and Brent prices was at a 9 month high at over $16, and there are hopes that this deal if it goes through will close the gap back to the levels last seen in mid July when the gap closed right up to $0.50