Energy OverView September 18, 2013

The petroleum complex posted losses across-the-board, yesterday. RBOB gasoline and heating oil fell hard, and WTI and Brent crude broke through key, psychological support levels. The combination of the Syria deal and the resumption of Libyan oil production weighed on prices. In the background is something we have speculated over for time, several reports are suggesting that President Obama and Iranian President Rouhani may hold direct talks next week at the UN General Assembly. Furthermore, the reports indicate that Iran may be willing to shutter its Fordo enrichment plant in Qom

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