The video that this transcript is based on appeared on Nov 12.

NEW YORK (TheStreet) -- Dan Dicker talks with Joe Deaux about the scuttled nuclear deal with Iran and what's in store for oil prices.


Gold is down, oil is down. Good morning I'm Joe Deaux their reporting from the NYMEX. Oil prices are slightly lower on Tuesday as a number of traders continue to contemplate a stockpile in Crude Oil, we'll see the EIA report coming out tomorrow, but we also have nuclear program talks with Iran that are coming up next week. Inside our studio wall street is Daniel Dicker to talk about the issued and when we look at the Iran issue how is this affecting the global oil markets?

It's a big deal Joe I mean there's been a lot of pressure put on the oil market recently, because of these talks with Iran, but they did come to nothing over the weekend but the expectation I believe is still that there are some agreement will be reached next week or the week after in Geneva, and therefore the pressure on oil remains. Now that's our really a brent issue we're talking about, so the lower prices we're seeing today in WTI are more of what you're talking about, which are the upcoming reports that will be out on Wednesday, but the Brent prices actually showing a little more strength today and that's because of the failed or at least temporarily failed talks in Geneva between all seven powers

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