Brent oil recovered some ground last night settling at $63.20 as I write. The major news of the night was an extension to Iran nuclear talks, from Fox:
President Obama threatened to “walk away” from a nuclear deal with Iran if it fails to keep tabs on the country’s compliance, as the negotiations were extended past their original Tuesday deadline amid sharp disagreements.
The president addressed the shaky talks during a joint press conference in Washington, alongside visiting Brazilian President Dilma Rousseff. He spoke shortly after the State Department confirmed that the Iran talks were being extended another week.
