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*India, second-largest buyer from Iran, owes it $5.3 bln. NEW DELHI, Nov 25- India could step up crude imports from Iran next month and start transferring billions of dollars it owes for oil as early as next week, following a deal between Tehran and six world powers to curb the Islamic Republic's nuclear programme.
*Iran taps tanker shipping network to tackle unsold oil glut. *U.S. Senate leader Reid not rushing to new Iran sanctions. SINGAPORE, Nov 26- Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member.
U.S. crude prices added 0.4 percent to rise above $94.40 a barrel, recouping some of the previous session's 0.8 percent decline following a weekend deal between the West and Tehran to halt Iran's most sensitive nuclear activities in exchange for some relief from crippling sanctions.
The price of oil dipped ahead of a U.S. supply report that is expected to show an improvement in demand.
SINGAPORE, Nov 26- U.S. crude futures rose in early Asian trade on Tuesday as supply concerns crept back, with investors judging that the historic deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member.
U.S. crude prices added 0.2 percent to above $94 a barrel, pausing after the previous session's 0.8 percent decline following a weekend deal between the West and Tehran to halt Iran's most sensitive nuclear activities in exchange for some relief from crippling sanctions.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. There was a muted reaction to the deal with Iran in the markets, she says. Still, gas prices could fall, depending on the situation at U.S refineries.
CNBC's Mary Thompson reports on today's low market volume and provides perspective on the Iran nuclear deal.
Brian Kelly, Brian Kelly Capital founder, and Pavel Molchanov, Raymond James senior VP and energy analyst, explain why gas prices are spiking as oil prices continue to fall.
Even though Sunday's nuclear deal will free up billions in frozen assets, it will not do much to bolster Iran's economy.
CNBC's Sharon Epperson reports gas prices are climbing slightly higher and where you can find the nations cheapest gas.
Scott Clemons, Brown Brothers Harriman Wealth Management, and Kenny Polcari, O'Neil Securities, weigh in on comments from Jeremy Siegel, Wharton School professor, seeing the bull market continuing to Dow 18,000.
Oil prices are falling following a nuclear deal with Iran. CNBC's Sharon Epperson reports the latest details.
Discussing how the U.S. nuclear deal with Iran is knocking down crude oil, with CNBC's Jackie DeAngelis, Rich Ilczyszyn and Jeff Kilburg, KKM Financial founder.
LONDON/ NEW YORK, Nov 25- One of the most popular trading bets in oil markets, based on attempts to predict price differences between European and U.S. oil benchmarks, is proving to be one of the trickiest as funds suffer losses after sky-high gains earlier this year. WTI crude usually worth a few dollars more than London's Brent.
Harry Tchilinguirian, head of oil research at BNP Paribas, says the interim Iran nuclear deal is "much ado about nothing" and oil prices will still rise.
The Iran deal is "very much a first step" in solving the nuclear standoff between the Middle Eastern country and western powers, says Richard Mallinson of Energy Aspects.
The accord between Iran and the West will do little, if anything at all, to push down retail gasoline prices.
What's ahead for the markets this week just before Thanksgiving, with Sarat Sethi, Douglas Co. Lane, and Joseph Tanious, JPMorgan Asset Management.
CNBC's Sharon Epperson reports on the plunge in oil prices and the pop in natural gas.