Oil prices fall over 4% as US-Iran peace talks raise hopes of easing Middle East oil supply disruptions, while Goldman Sachs warns of future price risks.
Oil prices fell as renewed diplomatic efforts to end the conflict between the U.S. and Iran eased concerns over Middle East oil supplies, reversing some of last week’s gains.
The main international contract, Brent North Sea crude, shed 6.1 per cent to $106.54 a barrel
Oil fell Monday, amid news that both the U.S. and Iran are pursuing diplomacy amid ongoing Mideast tensions
Brent crude falls to around $106 a barrel after Iran's supreme leader approves government efforts to pursue negotiations. Tehran says discussions with the US are continuing, but the two sides...
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