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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.

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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.

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