Oil falls on positive signals from U.S.-Iran talks | Reuters
Oil prices fell on Monday as concerns over tight supply were offset by signs of progress in nuclear talks between the United States and Iran, which could lead to the removal of U.S. sanctions on Iranian oil sales.
Brent crude was down 61 cents, or 0.7%, at $92.66 by 1445 GMT, having earlier touched its highest since October 2014 at $94.
U.S. West Texas Intermediate crude fell $1.11, or 1.2%, to $91.20 after touching $92.73.
U.S. President Joe Biden's administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation projects as talks on the 2015 international nuclear deal enter the final stretch.
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