Connect with us

archive

Oil Declines on Iran Deal

Oil Declines on Iran Deal (Bloomberg)

Not everyone was happy to see Iran sign the nuclear non-growth treaty placed in front of it yesterday. Oil and gold investors, in particular, suffered because of the deal. Brent crude fell almost 2 percent to $109.06 per barrel — and appeared to be on its way to the commodity’s biggest decline in three weeks. Gold fell to a four-month low, dropping 1.5 percent on the news. In addition, gasoline and heating oil prices fell at least 1.6 percent. According to Henk Potts, a Barclays strategist, prices fell because some of the “risk premium has been taken out.” Now investors have to ask themselves if having a safer world is an equitable trade-off for less wealth.

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

The Divided State of Britain.

CULTURE

Big Tech Big Tech

‘Principled’ Rightists Have Forgotten What the Principles Are.

TECH

‘Squash Amash’ Rally Takes Aim at Michigan’s Anti-Trump GOP Rep

U.S. POLITICS

Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals

Don’t Rush to War with Iran Over Some Tankers.

U.S. POLITICS

Not everyone was happy to see Iran sign the nuclear non-growth treaty placed in front of it yesterday. Oil and gold investors, in particular, suffered because of the deal.

archive

Oil Declines on Iran Deal

Not everyone was happy to see Iran sign the nuclear non-growth treaty placed in front of it yesterday. Oil and gold investors, in particular, suffered because of the deal.

Oil Declines on Iran Deal (Bloomberg)

Not everyone was happy to see Iran sign the nuclear non-growth treaty placed in front of it yesterday. Oil and gold investors, in particular, suffered because of the deal. Brent crude fell almost 2 percent to $109.06 per barrel — and appeared to be on its way to the commodity??s biggest decline in three weeks. Gold fell to a four-month low, dropping 1.5 percent on the news. In addition, gasoline and heating oil prices fell at least 1.6 percent. According to Henk Potts, a Barclays strategist, prices fell because some of the ??risk premium has been taken out.? Now investors have to ask themselves if having a safer world is an equitable trade-off for less wealth.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

TRENDING NOW:

The Divided State of Britain.

CULTURE

Big Tech Big Tech

‘Principled’ Rightists Have Forgotten What the Principles Are.

TECH

‘Squash Amash’ Rally Takes Aim at Michigan’s Anti-Trump GOP Rep

U.S. POLITICS

Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals

Don’t Rush to War with Iran Over Some Tankers.

U.S. POLITICS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter