How Low Can Oil Fall on Iran Nuclear Agreement?

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Nov. 25 (Bloomberg) -- Bloomberg's Scarlet Fu and Bloomberg Tradebook’s Greg Bender, put futures in focus with a look at the impact of an agreement on Iran’s nuclear program mean to the oil market in "On The Markets." They speak on Bloomberg Television's "In The Loop."

Futures.

Is this a reaction or justify?

It is hard to say it is an overreaction and we are still insights last week's range.

The sentiment has been bearish for a while.

The definition of a bear market is it somehow finds a way to spin it bearish play.

Why is it that news like this could not jolt oil out of the range?

Mid-2012 it has been between 80 and 200 $10. what strategy has worked?

Buy on weakness sell on strength.

I would not be surprised to see that going forward.

Tell me about the difference between brent n nymex.

Nymex is weaker.

We see that play out in the brent wti spread.

It is about $15. trading about the 200 day moving average.

The price action that we saw was interesting.

It opened very low and well off the lows and trading higher.

Hostile the bleak some shorts got shorted.

We have heard a lot of job often in -- offerings.

Could saudi arabia make for content -- comments that would suggest a drop or stop in production that would change oil?

Saudi arabia will not be behind this deal going forward.

In the near-term deal they are focused on the next six months.

That is why i think you see in traders are focusing on lower prices near-term and brent, sideways to higher.

How should investors positioned themselves to profit off of oil moved through the rest of the year?

Two ways.

One is right below -- a break below 92. it will bring up more selling.

Option traders are really responding by saying there is not a lot of volatility in the market.

The oil dipped to the lowest level since march.

Option strategy around playing that.

Lex do you anticipate a tick up for oil as we get closer to the next meeting on december 4? not looking that way.

To the equity traders, it might seem counterintuitive.

Commodity traders more worried about hedging.

Right now traders say any news coming out, whether it is libya or iran or syria in the background, looking at quiet architects.

Quiets oil markets.

Seeing declines in brent and oil crude.

Joining us with today's futures and focus.

On the markets once again in just 30 minutes.

Market makers with erik schatzker and stephanie ruhle is up next.

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This text has been automatically generated. It may not be 100% accurate.

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