Senior EU official: We are close to a final text on Iran nuclear deal

Comments from a senior EU official:

  • We are in the final stages of Iran nuclear negotiations
  • It is unclear if we get a deal in the coming days, depends on will
  • Delegations have shown they want a compromise on Iran deal
  • Possible to get an agreement in the coming two weeks or so

There’s nothing new here. We saw some oil weakness this week on similar talk. In the past few minutes though, oil has popped on Ukraine worries. It will be hard for oil bears to stay short crude into the weekend.

oil

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