Oil Prices Fall 1% After Progress In U.S.-Iran Talks
Oil prices fell more than 1% at the open of Asian trade on Monday after progress in nuclear talks between the United States and Iran eased supply concerns
Brent crude futures fell 78 cents, or 1.15%, to $67.18 a barrel by 2212 GMT while U.S. West Texas Intermediate crude was at $63.91 a barrel, down 77 cents, 1.19%.
The two countries agreed on Saturday to begin working on a framework for a potential nuclear deal, Iran's foreign minister said, after talks that a U.S. official described as making "very good progress."
Brent crude futures fell 78 cents, or 1.15%, to $67.18 a barrel by 2212 GMT while U.S. West Texas Intermediate crude was at $63.91 a barrel, down 77 cents, 1.19%.
The two countries agreed on Saturday to begin working on a framework for a potential nuclear deal, Iran's foreign minister said, after talks that a U.S. official described as making "very good progress."
Source: Investing.com