Tuesday, July 14, 2015

Oil continued to fall after the agreement on the Iranian nuclear – La Stampa

          

Crude oil prices down on the platform of ICE : futures Brent maturing in August yields 1.27% and is back to share $ 57.12 a barrel. Also declined futures WTI “American” which marks a fall of 0.79% back to $ 51.79.

The agreement reached today on the Iranian nuclear will allow Tehran to sell its crude oil on global markets by increasing global supply and consequently squeezing prices.

The United Nations, whose Security Council (China, France, United Kingdom, Russia, the United States), along with Germany and Europe, discussed with Iran the terms of the agreement, It called historical outcomes of negotiations. The UN says the solution found makes a sustainable nuclear development program in the country and pave the way for a possible peace in the region.

At this time on the Milan Stock Eni gives 0.5% returns to 15,79 euro after touching an intraday low at 15.83 euro. Italian oil company has long worked to opportunities for new projects in Iran. Saipem marks a rise 1.49% to 8.52 euro and Tenaris build up a lead of 0.85 percentage points on the reference.

Abroad are falling Total (-0.56%) and BP (-0.5%), while Royal Dutch Shell gained 0.82 percent.

(GD)

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