CommoditiesIMPORTANTNovember 3 at 08:33 AM

[MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl

ORIGINAL · Newsquawk[MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl

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The update reported crude benchmarks sinking amid reports of US–Tehran concessions and said Brent Jan’27 slipped below USD 102/bbl, without further terms or pricing detail.

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[MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl

What do investors think?

Today's market highlights

"Washington and Tehran have made concessions regarding the Iranian nuclear program and frozen funds", Al Araby Al Jadeed reports citing sources

US-Iran announcement will reportedly be made step by step and simultaneously, Al Araby Al Jadeed reports; Tehran will announce a concession regarding its nuclear program in exchange for Washington announcing the release of part of Tehran's frozen funds

"Washington has approved the draft memorandum of understanding that the Qatari delegation presented to Iran yesterday", Al-Araby Al-Jadeed reports citing sources close to the mediation team