Oil prices fell on Monday as concerns about tight supplies were offset by signs of progress in U.S.-Iran nuclear talks that could lead to the lifting of U.S. sanctions on Iranian oil sales.
Brent crude fell 23 cents, or 0.25%, to $93.04 at 9.45 tonnes, having earlier touched $96, its highest since October 2014.
U.S. West Texas Intermediate crude fell 77 cents, or 0.83%, to $91.54 after hitting $92.73.
The U.S. government on Friday restored sanctions waivers for Iran to allow for international nuclear cooperation projects.
Complete News Source : Business Standard
