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Oil market: sentiment changes
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No results have shown the long-awaited negotiations between Iran and so-called Six, which includes such countries as USA, Britain, China, Russia, Germany and France. Yesterday the second stage of the meeting occurred, where the Iranian nuclear programme validity was under question.


Teheran refuses from offers of the Six to narrow the volumes of uranium enrichment by 20%. The Six claims that in this way the authorities of Iran will ensure the world in peaceful purposes of their nuclear programme.


No compromise provoked oil prices increase. The Brent oil added 1 dollar 70 cent and cost 106 dollars 90 cent per barrel.


The growing tendency was supported by positive statistics from the largest oil consumer, from the USA,


where the durable goods orders in April ascended by 0.2%, confirming the forecasts.


The retail sales is one of the main indicators as it is consumer sector that forms over 70% of the American economy. Favourable changes signal future growth of energy demand, lifting the prices.


As a result, the prices of the WTI crude oil increased by 2.5 US dollars reaching the price of 91 dollar 30 cent per barrel.

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