Iran’s Supreme Leader Khamenei: I don’t think nuclear talks with the US will be successful

• I don’t think nuclear talks with the US will be successful.

This headline gave crude oil prices a boost as the markets continue to bounce around amid the US-Iran nuclear deal. A positive resolution is seen as bearish (at least in the near term) due to higher supply expectations. Conversely, negative outcomes are seen as bullish.

This article was written by Giuseppe Dellamotta at www.forexlive.com.