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Brent under Pressure as Iranian Deal Nears

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The looming spectre of Iranian oil shipments has spooked world oil markets as the price of Brent crude has declined below $30 a barrel for the first time since 2004. Speculation is mounting that world oil markets could be in for a rough year as global demand continues to sag. Despite US domestic concerns over the viability of an Iranian nuclear deal, it appears that an agreement is close to being achieved. Such a monumental step would allow Iranian crude oil to flow freely following the

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