7 Apr 2015
Oil prices recovered from the Iran deal – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Flemming Nielsen noted the recent price action in crude oil following the Iran-P5+1 deal.
Key Quotes
“Iran and the P5+1 world powers on Thursday reached a framework agreement on containing Iran’s nuclear programme”.
“The framework agreement was more detailed than expected, but there will not be a final deal until a more detailed and comprehensive agreement is possibly reached by end-June”.
“The US Congress could also derail an agreement by starting to legislate on the framework for an agreement. The impact on oil prices was modest, with most of the initial decline reversed yesterday”.
Key Quotes
“Iran and the P5+1 world powers on Thursday reached a framework agreement on containing Iran’s nuclear programme”.
“The framework agreement was more detailed than expected, but there will not be a final deal until a more detailed and comprehensive agreement is possibly reached by end-June”.
“The US Congress could also derail an agreement by starting to legislate on the framework for an agreement. The impact on oil prices was modest, with most of the initial decline reversed yesterday”.