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22.11.2013 16:40

Oil: an overview of the market situation

Oil prices are mixed , amid reports of talks on Iran's nuclear program . Note that the Geneva today kicked off the third day of talks on Iran's nuclear program. Earlier it was reported that Iran had noted the progress in the negotiations with the "six " of international mediators , but said that differences still remain.

After a six-hour debate on Iran's nuclear program in Geneva, the parties have failed to reach a common decision, the negotiations reached an impasse. Details of a disagreement were not disclosed.

Attention all market participants are now directed to the next meeting , which should be later today. Many expect news from the six international mediators and Iran, who are negotiating in Geneva.

Coordinator of the "six" of international mediators in the negotiations with Iran Catherine Ashton said that an agreement can be reached as early as this week, and negotiators are willing to stay in Geneva until they achieve progress.

At the same time, according to Iranian Deputy Foreign Minister Abbas Araghchi , visible progress on the second day of talks in Geneva were not.

It should be noted that the recent talks between Iran and Geneva were quite productive. Investors have even lost their fear of the risks associated with the price of oil brand Brent.

"It is unlikely that in the course of these negotiations, an agreement is reached , and it supports the positive sentiment in the market", - said Tradition Energy analyst Gene McGillian .

The price of January futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 94.71 a barrel on the New York Mercantile Exchange.

January futures price for North Sea Brent crude oil mixture rose $ 0.22 to $ 110.35 a barrel on the London exchange ICE Futures Europe

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