29 May 2024
Monday 15 October 2012 - 14:27
Story Code : 7781

Crude drops as Iran offers nuclear talks

Crude drops as Iran offers nuclear talks
By Bloomberg

Oil Drops a Second Day as Iran Offers Uranium-Enrichment Deal

Oil fell for a second day in New York afterIranreiterated an offer to suspend domestic production of medium-enriched uranium before European officials meet to discuss tighter sanctions on the Persian Gulf country.

Hedge Fund Bulls Lift Gas Bets to Two-Month High: Energy Markets

Hedge funds raised bullish bets on natural gas to the highest level since August as a shrinking U.S. supply glut, slowing production growth and increasing power-plant demand pushed futures to a 10-month high.

 

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