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US Encouraged By Iran Dropping Some ‘Non-Starter’ Demands

OIL
  • Coming on a mixed day for crude oil, sliding on growth fears plus potentially the hope of the Iran JCPOA deal and the eventual release of Iranian supply before rebounding sharply as OPEC+ hints at further action, the US State Department’s Ned Price says the US is encouraged by Iran dropping some non-starter demand.
  • Whilst still not signs of anything imminent, there was little immediate reaction in WTI, which settled -0.6% on the day shortly afterwards before firming slightly.

Further Bloomberg headlines:

  • US `ENGAGING WITH' EU PARTNERS ON LATEST IRAN DEAL PROPOSAL
  • PRICE SAYS NOTION US IS DELAYING IRAN TALKS `JUST NOT TRUE'
  • US `WILL NOT TAKE ONE DAY LONGER' THAN NEEDED TO RESPOND TO EU

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