Crude Oil Declines on Economic Outlook; Brent Slides

Oil fell for the third time in four days after Iran agreed to resume talks on its nuclear program and economic reports in the U.S. and China raised concern about fuel demand.

Futures slid as much as 1.6 percent as trading resumed after the Easter holiday weekend. International negotiations with Iran’s government are scheduled to start this week. China said inflation in March accelerated more than forecast, reducing the government’s leeway to boost the economy. The U.S. created 120,000 jobs in March, fewer than forecast and the smallest increase in five months, an April 6 report showed.