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SINGAPORE (Reuters) – Oil costs fell greater than 1% at Monday’s open in Asia after nuclear talks between the USA and Iran progressed, easing provide considerations.
Brent crude futures slipped 78 cents, or 1.15%, to $67.18 a barrel at 2212 GMT whereas U.S. West Texas Intermediate crude was at $63.91 a barrel, down 77 cents, 1.19%.
The 2 international locations agreed on Saturday to start drawing up a framework for a possible nuclear deal, Iran’s overseas minister mentioned, after talks {that a} U.S. official described as yielding “superb progress.”
(Reporting by Florence Tan; Enhancing by Cynthia Osterman)
