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[QUOTE="Vistabrokers, post: 86333, member: 32993"]
[b]Vista Brokers: Talks on Iran Are Close to Completion[/b]

[img]http://www.hostpic.org/images/1507131431510090.jpg[/img]

On Monday, oil prices on the world market are falling in price. Vista Brokers analysts note that the pressure on the "black gold" has the fact that Iran and six world powers have almost come to an agreement on Iran's nuclear program. If negotiations completes in a favor of Tehran, it will cause sanctions lifting, and after it Iran will make every effort to restore its position in the oil market.

Amid this  August futures for Brent have declined during morning trading by $ 1.89 to $ 56.84 per barrel, then went back to $ 57.70 a barrel and soon resumed decline. WTI has dropped by 90 cents to $ 51.84 a barrel.

The agreement on Iran may be concluded today. This event, in addition to the slowdown of the Chinese economy, which we have seen in recent months, support traders disturbance about oversupply in the oil market.
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