Diplomacy moves oil first
Oil fell sharply on Monday, November 2, as signs of diplomatic progress between the US and Iran gave traders their first real reason in weeks to price in an end to the Gulf disruption rather than more of it. Brent crude declined about 3.3% to $109.70 a barrel in one morning read, and about 3.8% to just above $109 in another, while US crude dropped about 3.4% to $100.58...
