Crude Sinks on Iran as Stocks, Rupee Advance; Yen Hits May Low
Nov. 25 (Bloomberg) -- Crude oil headed for the biggest drop in three weeks while India led gains in Asian stocks and currencies after Iran agreed to limit its nuclear program. The yen fell to its weakest since May. Brent crude sank 2.6 percent to $108.15 a barrel by 3:37 p.m. in Tokyo as the S&P BSE Sensex Index rose 1.4 percent in India, which imports about 80 percent of its oil. Futures on the Standard & Poor’s 500 Index, which capped a seventh weekly gain Nov. 22, rose 0.3 percent and the MSCI Index added 0.3 percent. The yen dropped as ...
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