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	<title>Brexit Deal Archives - Iran News Daily</title>
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		<title>Oil moves higher on Brexit deal</title>
		<link>https://irannewsdaily.com/2020/12/oil-moves-higher-on-brexit-deal/</link>
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		<dc:creator><![CDATA[reporter 1222]]></dc:creator>
		<pubDate>Sat, 26 Dec 2020 10:27:08 +0000</pubDate>
				<category><![CDATA[economic]]></category>
		<category><![CDATA[important news]]></category>
		<category><![CDATA[Brexit Deal]]></category>
		<category><![CDATA[Oil Price]]></category>
		<guid isPermaLink="false">https://irannewsdaily.com/?p=122608</guid>

					<description><![CDATA[<p>TEHRAN (Iran News) &#8211; Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory, sparked optimism. U.S West Texas Intermediate (WTI) crude gained 11 cents, or 0.23%, to trade at $48.23 per barrel, while Brent crude futures advanced 10 cents, [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/12/oil-moves-higher-on-brexit-deal/">Oil moves higher on Brexit deal</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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										<content:encoded><![CDATA[<p>TEHRAN (<a href="https://www.irannewsdaily.com/">Iran News</a>) &#8211;<a href="https://irannewsdaily.com/2020/12/trader-reaction-to-49-07-will-determine-strength-of-rally-of-crude-oil/"> Oil prices moved higher on Thursday</a> as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory, sparked optimism.</p>
<p>U.S West Texas Intermediate (WTI) crude gained 11 cents, or 0.23%, to trade at $48.23 per barrel, while Brent crude futures advanced 10 cents, or 0.2%, to $51.30 per barrel. Volumes were light on the last trading day before the Christmas holiday.</p>
<p>Both contracts gained more than 2% on Wednesday.</p>
<p>By clinching a Brexit trade deal, Britain avoids a chaotic departure from one of the world’s biggest trading blocs, a move many investors warned would have sparked further volatility in financial markets.</p>
<p>“While the Brexit deal is supportive, the impact of COVID is the dominant driver in the oil market,” said Andrew Lipow, president of Lipow Oil Associates, in Houston, Texas. “Like everyone else the oil market is waiting for the wider distribution of vaccines to get the public back on the road and in the air.”</p>
<p>U.S. stockpiles fell in the most recent week in what some hoped was a signal that demand would recover after a torrid year in which gasoline and jet fuel consumption plummeted as a result of the pandemic.</p>
<p>U.S. crude inventories fell by 562,000 barrels in the week to Dec. 18, according to government data, while gasoline and distillate stockpiles also fell.</p>
<p>However, new strains of the coronavirus, which appear to spread the disease more quickly, have hit the United Kingdom, Nigeria, and other countries. “Lingering worries over a new variant of the novel coronavirus capped gains,” said Hiroyuki Kikukawa, general manager of research at Nissan Securities.</p>
<p>At least four drugmakers expect their COVID-19 vaccines will be effective against the new fast-spreading variant of the virus that is raging in Britain and is performing tests that should provide confirmation in a few weeks.</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/12/oil-moves-higher-on-brexit-deal/">Oil moves higher on Brexit deal</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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		<title>UK Tells EU Door Still Open for Brexit Deal</title>
		<link>https://irannewsdaily.com/2020/10/uk-tells-eu-door-still-open-for-brexit-deal/</link>
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		<dc:creator><![CDATA[reporter 1222]]></dc:creator>
		<pubDate>Mon, 19 Oct 2020 08:49:10 +0000</pubDate>
				<category><![CDATA[international]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Brexit]]></category>
		<category><![CDATA[Brexit Deal]]></category>
		<category><![CDATA[eu]]></category>
		<category><![CDATA[UK]]></category>
		<guid isPermaLink="false">https://irannewsdaily.com/?p=120372</guid>

					<description><![CDATA[<p>TEHRAN (Iran News) – Britain said on Monday the door was still open if the European Union wanted to make some small concessions to save Brexit trade talks, but that unless the bloc budged there would be a no-deal exit in 10 weeks. Prime Minister Boris Johnson said on Friday there was no point in continuing [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/10/uk-tells-eu-door-still-open-for-brexit-deal/">UK Tells EU Door Still Open for Brexit Deal</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>TEHRAN (<a href="https://www.irannewsdaily.com/" target="_blank" rel="noopener noreferrer">Iran News</a>) – Britain said on Monday the door was still open if the European Union wanted to make some small concessions to save Brexit trade talks, but that unless the bloc budged there would be a no-deal exit in 10 weeks.</p>
<div class="story" data-readmoretitle="Read more">
<p>Prime Minister Boris Johnson said on Friday there was no point in continuing talks and it was time to prepare for a no-deal departure when Britain’s informal EU membership &#8211; known as the transition period &#8211; ends on Dec. 31.</p>
<p>But Michael Gove, his Brexit supremo who favors a deal, has struck a more conciliatory tone, saying agreement could be reached if the bloc compromised.</p>
<p>“It would be sensible at this point for them to go that extra mile, to come closer to us on the points that remain for discussion,” added British Housing Secretary Robert Jenrick.</p>
<p>“We hope that they could come forward now with some relatively small but important changes which respect us as an independent sovereign nation,” he told Sky News.</p>
<p>EU chief negotiator Michel Barnier had been due in London for talks with British counterpart David Frost this week. Instead, they will now speak by telephone on Monday to discuss the structure of future talks, Barnier’s spokesman said, Reuters reported.</p>
<p>European Commission Vice President Maros Sefcovic is due in London for a meeting on implementation of the 2020 divorce deal with Gove.</p>
<p>Negotiations broke down on Thursday when the European Union demanded Britain give ground. Issues still to be resolved include fair competition rules, dispute resolution and fisheries.</p>
<p>EU diplomats and officials cast Johnson’s move as a frantic bid to secure concessions before a last-minute deal was done, and European leaders have asked Barnier to continue talks.</p>
<p>German Chancellor Angela Merkel said compromises on both sides would be needed. French President Emmanuel Macron said Britain needed a Brexit deal more than the 27-nation EU.</p>
<p>“We are ready for a deal, but not at any price,” he said.</p>
<p>A no-deal finale to the United Kingdom’s five-year Brexit crisis would disrupt the operations of manufacturers, retailers, farmers and nearly every other sector &#8211; just as the economic hit from the coronavirus pandemic worsens.</p>
<p>Britain is launching a campaign this week urging businesses to step up preparations for that. In a statement accompanying the launch, Gove says: “Make no mistake, there are changes coming in just 75 days and time is running out for businesses to act.”</p>
<p>More than 70 British business groups representing over 7 million workers on Sunday urged politicians to get back to the negotiating table next week and strike a deal.</p>
<p>“With compromise and tenacity, a deal can be done. Businesses call on leaders on both sides to find a route through,” they said.</p>
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<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/10/uk-tells-eu-door-still-open-for-brexit-deal/">UK Tells EU Door Still Open for Brexit Deal</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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