New York Mercantile Exchange

New York Mercantile Exchange: By early afternoon in Europe, benchmark U.S. crude for December delivery was down 39 cents to $94.21 a barrel in electronic trading on the New York Mercantile Exchange after rising 40 cents on Friday. Trading is expected to be light because of the Veterans Day holiday, according to Times Colonist. The U.S.-led negotiations, however, failed to yield a deal over the weekend. This eased concerns of an influx of Iranian oil into world markets at a time of already abundant supplies and The price of oil lingered above $94 a barrel Monday after negotiations in Geneva to curb Iran's nuclear program were stalled and U.S. crude supplies remained high. Six key powers are considering a gradual rollback of sanctions that have crippled Iran's economy. In exchange, they demand initial curbs on Iran's nuclear program. (www.immigrantscanada.com). As reported in the news.