Oil falls on positive signals from U.S.-Iran talks | Reuters
Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concerns about the tight supplies.
Brent crude was down 31 cents, or 0.3%, at $92.96 by 1153 GMT, after earlier touching $94.00, its highest level since October 2014.
U.S. West Texas Intermediate crude fell 78 cents, or 0.8%, to $91.53 a barrel. It had risen to $92.73 earlier in the session.
U.S. President Joe Biden's administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation projects, as the talks on the 2015 international nuclear deal enter the final stretch.
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