Brent oil test new lows in its post-crash recovery on Friday night, settling at $60.56. The cause was the general troubles in China and Greece and the Iran deal which is inching forward, from the Washington Post:
The Iran nuclear talks appeared to be focusing on sanctions Friday, as Iran dispatched an influential economist to join its negotiating team.
Iranian state media reported that Mohammad Nahavandian, the chief of staff for President Hassan Rouhani, left Tehran for Vienna to join the talks with the European Union, the United States and five other nations. Nahavandian is an economist who was educated at George Washington University, and until recently he headed Iran’s Chamber of Commerce for Industries, Mines and Agriculture.
