Oil drops 7pc as Iran signals openness to talks
NEW YORK: Oil prices fell more than 7 percent on Monday as talks between Iranian and Qatari officials lifted hopes for an end to the US-Israeli war with Iran and stabilization of Middle East crude supply. Brent crude futures settled USD8.66, or 7.63 percent,...
NEW YORK: Oil prices fell more than 7 percent on Monday as talks between Iranian and Qatari officials lifted hopes for an end to the US-Israeli war with Iran and stabilization of Middle East crude supply. Brent crude futures settled USD8.66, or 7.63 percent, lower to USD104.77 a barrel. US West Texas Intermediate crude was down USD7.66, or 7.36 percent, at USD96.46. The session low for Brent was USD103.28 and for WT...