Brent falls toward $ 107 on Iran nuclear deal

Tuesday, 14 January 2014 00:01 - - {{hitsCtrl.values.hits}}

SINGAPORE (Reuters): Brent crude edged lower toward $107 a barrel on Monday after six nations struck a fresh six-month deal with Iran to curb its nuclear program and US President Barack Obama urged Congress not to impose additional sanctions on the country. Crude oil prices trended lower following gains on Friday after weaker-than-forecast US non-farm payrolls suggested the Federal Reserve may slow down tapering its bond-buying stimulus. Brent crude for February delivery fell 15 cents to $107.10 per barrel at 0358 GMT, after settling 86 cents higher on Friday. US crude also slipped, to $92.45 per barrel. The contract had settled $1.06 higher on Friday.

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