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Oil pending a decision on negotiations on Iran with Western powers

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Crude oil prices rose in early Asian session after doklada of US industry showed a decline in domestic supplies, but later lost some of the gains

Talks about Iran's nuclear program is seen as bearish for crude oil, Iran announced that it has in its reserves 30 million barrels for export. The release of Iranian oil market should reduce its prices on world markets, which are saturated. Widespread belief that Iran will boost exports, many serious economic sanctions be lifted by the Western powers. Continued sales of Chinese stocks and resumption of key oil terminals in value Perhaps Libya will push crude oil prices.


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