Oil slips from seven-year high ahead of more U.S.-Iran talks | Reuters
Brent crude was down $2.02, or 2.2%, at $90.67 a barrel by 1110 GMT after hitting a seven-year high of $94 on Monday. U.S. West Texas Intermediate crude fell $1.60, or 1.8%, to $89.72.
Both benchmarks have found support this year from rising global demand, Russia-Ukraine tensions, supply disruptions in producers such as Libya and a slow easing of 2020's record output cuts by OPEC and its allies.
Prices were also dented on Tuesday by comments from French President Emmanuel Macron, who said his meeting with Russian counterpart Vladimir Putin had helped to prevent a worsening of the Ukraine crisis.
Oil also came under pressure from the prospect of an increase in U.S. crude inventories. Analysts estimate that inventories rose by 700,000 barrels in the week to Feb. 4.
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