Oil prices slip again as U.S.-Iran talks loom and the dollar firms; Brent near $66
Oil prices slipped Tuesday as traders dialed back some geopolitical risk premium ahead of U.S.-Iran talks set for Friday in Turkey. Brent crude futures dropped 15 cents to $66.15 a barrel by 1016 GMT, while U.S. West Texas Intermediate lost 8 cents, settling at $62.06. Both benchmarks earlier touched their lowest levels in a week. Kelvin Wong of OANDA pointed to recent swings reflecting the “geopolitical risk premium” tied to the “on-off” tensions with Iran. Meanwhile, Priyanka Sachdeva at Phillip Nova described the market as “choppy,” with risks leaning lower.