Oil Rises as Iran Deal Fails to Materialize

Brent crude advanced for a second day after Iran and six world powers failed to agree on curbs to the Persian Gulf nation’s nuclear program, tempering projections of an end to the dispute that has cut Iranian oil exports.
Futures rose as much as 0.8 percent in London while West Texas Intermediate oil in New York slid as much as 0.5 percent. International Atomic Energy Agency chief Yukiya Amano is leading inspectors today to Tehran for negotiations. Iran’s talks with permanent members of the United Nations Security Council and Germany over the weekend in Geneva ended without a deal.

via Bloomberg

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza