Brent oil broke down overnight as global turmoil hit risk. It is at $62 this morning. The only news worth reporting was bearish for prices with China still confident of an Iran deal:
Chinese vice Foreign Minister Li Baodong told reporters on Sunday in Vienna there won’t be a long extension of Iranian nuclear negotiation, and that a comprehensive deal could be possible within one week.
Sides are only “a step away” from the comprehensive Iranian nuclear deal though many tough issues still needed to be resolved, Li added.