Energy OverView November 21, 2013

The oil market is carefully monitoring the Iran nuclear negotiations, registering some disappointment, in the form of a rebound, over comments by US officials that a deal would be “very hard” to get this week, which echoed President Obama’s recent comments, as well. Still, prices remain generally under pressure from increasing Libyan output and comments from Saudi Arabia that the Kingdom is not cutting production and remain unfazed by the rise…