Energy Markets
Oil prices drop as US and Iran commit to continuing talks
The oil prices dropped on Monday, after the U.S. &?Iran committed to continuing talks about the Middle Eastern producer’s nuclear 'programme. This eased concerns over a potential conflict that could disrupt the supply from the area. Brent crude futures dropped 49 cents or 0.72% to $67.56 per barrel at 0134 GMT, after closing up 50 cents Friday. U.S. West Texas Intermediate Crude was $63.13 per barrel, down by 42 cents or 0.66% after a 26-cent increase at Friday's settlement. Tony Sycamore, IG's market analyst, said that crude oil prices have eased a bit in early trading this week. The market...