Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Crude Edges Lower With Iran Talks, Fed Minutes In Focus

ByICN.com
Published 11/18/2013, 02:57 AM
Updated 07/09/2023, 06:31 AM

Crude oil slipped below the $93.50 a barrel level as traders are turning their focus on the talks between Iran and major powers in Geneva on November 20-22 as any agreement could mean sanctions will be lifted, increasing market supply and depressing oil prices.

Meanwhile, Saudi Arabia, the largest producer in the Organization of Petroleum Exporting Countries, exported the most oil in eight years. Even as its production eased, Saudi Arabia boosted exports in October by 300,000 barrels a day.

- WTI crude oil futures for December is trading around $ 93.42 a barrel after falling $0.42

- Brent futures for December settlement is trading around $ 108.10 a barrel after falling $0.40

Markets will continue to focus on the US Federal Reserve as the minutes of the last FOMC meeting are due this week. Investors nervously wonder if the Fed will start to reduce their quantitative easing program this year or delayed till next year.

China unveiled late Friday details of its bold reform plans from its Third Plenum, including easing the one-child policy and additional financial liberalization, leaving investors assessing how the reforms will impact oil and gas demand from the world’s biggest oil importer.

- Natural gas is trading at $ 3.689 per cubic feet after rising 0.79%

- Gasoline is trading at $ 2.6555 per cubic feet after falling 0.08%

- Heating oil (diesel) is trading at $ 2.9352 a gallon after falling 0.13%

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.