Brent Oil Falls as Iran Nuclear Talks Extended; WTI Drops
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Brent crude declined from the highest closing price in seven sessions as the U.S. and Iran extended nuclear talks to July 1. West Texas Intermediate was down in New York.
Futures fell as much as 0.8 percent in London, reversing an earlier gain, as investors weighed the outcome of the OPEC meeting Nov. 27 and the nuclear talks, which were originally due to conclude today. Negotiators from Iran, the U.S. and other world powers will now seek a political deal by March 1, with a deadline of July 1 to agree on details, according to officials present at negotiations in Vienna.