FXStreet (Edinburgh) – The research team at BBH expects Iran and the Western powers to strike a deal in the upcoming days.
Key Quotes
“Besides the numerous Greek deadlines that have come and gone in recent weeks, we note that the deadline for an agreement with Iran has also been adjusted”.
“There is some speculation that an agreement could be struck over the next 48-72 hours”.
“The anticipated Iranian oil that would hit the global market (millions of barrels are thought to be in floating storage) is one of the factors weighing on oil prices”.
“The US rig count increased last week, for only the second time since December”.
“US output remains near record highs, and OPEC appears to have increased its production further above its quota”.
(Market News Provided by FXstreet)