Economics
Brent Rises Second Day After Iran Talks Fall Short of Agreement
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Brent crude rose for a second day after Iran and six world powers failed to agree on curbs to the Persian Gulf nation’s nuclear program, tempering expectations of an end to the decade-long stalemate.
Futures increased as much as 0.8 percent in London while West Texas Intermediate fell 0.5 percent. International Atomic Energy Agency chief Yukiya Amano is leading inspectors to Tehran for negotiations today after Iran’s talks in Geneva with permanent members of the United Nations Security Council and Germany over the weekend ended without a deal. Prices also climbed as Chinese government data showed an expansion in industrial production in October.