Energy OverView November 8, 2013

Oil prices continue their week-long fall, and overnight WTI prices fell below $94 and Brent fell below $103. The breaches come despite a fairly supportive weekly inventory report for WTI and smaller-than-expected North Sea loadings for November. Today, the intense focus will be on the Iran nuclear talks, which are seeing terrific progress, according to reports. A breakthrough announcement is expected later today that will pave the way for Iran to get some relief from the current severe sanctions regime. Israel’s Prime Minister is close to having a stroke over the development

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