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Oil prices fall as Iran talks ease nerves

Financial Post -- Brent crude fell, extending last week’s drop, after the first international talks in 15 months on Iran’s nuclear program yielded an agreement to reconvene in May.

Futures slipped as much as 1.3 percent in London. The United Nations’ five permanent Security Council members plus Germany will meet Iranian delegates in Baghdad on May 23 after “constructive” talks in Istanbul on April 14, the European Union’s foreign policy chief said yesterday. Oil rose this year amid concern that tension with Iran may disrupt global supply.

“It’s definitely a step forward that the parties are at least talking again,” said Thorbjorn Bak Jensen, an analyst at Global Risk Management in Middelfart, Denmark. “There is a significant risk premium in prices related to Iran, and even small steps towards a solution

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Submitted Apr 16, 2012 By: wejsag

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gawxnative All-Star Author Atlanta Posts:510 Points:229,865 Joined:Aug 2006	Message Posted: Apr 17, 2012 11:51:56 AM Ignore gawxnative Report Abuse Only as far as consumers and pump pricing, we don't need an "easing, or relaxing" of oil pricing we need a dump
des7902 Veteran Author Virginia Posts:385 Points:212,240 Joined:May 2011	Message Posted: Apr 17, 2012 11:41:53 AM Ignore des7902 Report Abuse I don't believe a thing they say.
jrs4125 Champion Author Indiana Posts:2,758 Points:591,745 Joined:Sep 2011	Message Posted: Apr 17, 2012 11:11:03 AM Ignore jrs4125 Report Abuse There must be some other reason to keep high prices at the pump. Hows the oil companies going to make any money? This is an election year.
DanMtz Champion Author Oakland Posts:3,355 Points:1,243,325 Joined:Oct 2009	Message Posted: Apr 17, 2012 9:53:46 AM Ignore DanMtz Report Abuse This has got a ways to go before it's over.
JimTee Champion Author Tampa Posts:2,357 Points:1,515,300 Joined:Apr 2006	Message Posted: Apr 17, 2012 7:18:13 AM Ignore JimTee Report Abuse Isn’t it interesting that gas prices at the pump goes down a penny at a time but goes up nickels and dimes at a time?….
mpg611 Champion Author Cleveland Posts:2,339 Points:570,070 Joined:Apr 2011	Message Posted: Apr 17, 2012 12:41:16 AM Ignore mpg611 Report Abuse Sounds like America and Iran put aside their religious differences for now.
CVA19 Champion Author Salem Posts:2,393 Points:609,575 Joined:Aug 2011	Message Posted: Apr 16, 2012 10:38:47 PM Ignore CVA19 Report Abuse Nothing more will come of these talks than have from any others. Iran has clearly demonstrated that they are not serious and cannot be trusted; yet, as it did with Neville Chamberlain, hope springs eternal in the minds of the naive. If oil prices are indeed hinged on talks with Iran, then we are in for a rough ride.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Apr 16, 2012 9:18:16 PM Ignore db60 Report Abuse Good.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Apr 16, 2012 3:42:22 PM Ignore dh0770 Report Abuse Ohh...speculator speak! I think I saw Under Dog...
PDQBlues Champion Author San Diego Posts:7,074 Points:1,448,325 Joined:Jan 2009	Message Posted: Apr 16, 2012 3:25:45 PM Ignore PDQBlues Report Abuse Yep, hit them where it really hurts -- in the purse -- and they will buckle.
gils Champion Author Ohio Posts:1,706 Points:645,650 Joined:Feb 2011	Message Posted: Apr 16, 2012 3:17:09 PM Ignore gils Report Abuse good
investmentdr Champion Author Cleveland Posts:4,029 Points:1,455,050 Joined:Sep 2008	Message Posted: Apr 16, 2012 1:57:00 PM Ignore investmentdr Report Abuse gasoline -2.5% today
roadrunnin Champion Author Richmond Posts:1,754 Points:565,135 Joined:May 2008	Message Posted: Apr 16, 2012 1:32:38 PM Ignore roadrunnin Report Abuse isn't spin great, Iran's neighbors never had any worries
TripleHs Champion Author Austin Posts:3,355 Points:917,340 Joined:Oct 2009	Message Posted: Apr 16, 2012 1:12:57 PM Ignore TripleHs Report Abuse keep going down
doctorindyj Champion Author Santa Fe Posts:3,453 Points:839,810 Joined:Nov 2009	Message Posted: Apr 16, 2012 11:45:32 AM Ignore doctorindyj Report Abuse As if they expect anything to come of these 'talks'. The dictator is doing all the dictating. How long before things break down again or we actually break down and just give them the tech to make a weapon? Then the price will shoot back up and be worse than before.
Tehbob Champion Author California Posts:2,296 Points:457,605 Joined:Jan 2012	Message Posted: Apr 16, 2012 11:27:10 AM Ignore Tehbob Report Abuse good news
Ouch06 Champion Author Michigan Posts:1,613 Points:1,431,505 Joined:Apr 2006	Message Posted: Apr 16, 2012 11:05:29 AM Ignore Ouch06 Report Abuse Good.
Eugene_C Champion Author Columbus Posts:2,299 Points:155,995 Joined:Mar 2004	Message Posted: Apr 16, 2012 10:48:52 AM Ignore Eugene_C Report Abuse Gas has been high for three reasons: 1. Speculation 2. Derivatives 3. Speculation
wrunner Champion Author Virginia Posts:4,445 Points:1,137,335 Joined:Dec 2009	Message Posted: Apr 16, 2012 10:36:25 AM Ignore wrunner Report Abuse A step in a long journey towards world economic stability.
bikerchicklette Champion Author Washington Posts:5,889 Points:1,296,845 Joined:Sep 2005	Message Posted: Apr 16, 2012 10:22:36 AM Ignore bikerchicklette Report Abuse interesting