Brent crude price slides as U.S.-Iran Oman talks return — $70 back on traders’ radar
Brent crude fell 1.2% to $68.60 a barrel and WTI dropped about 1.3% after the U.S. and Iran scheduled talks in Oman for Friday. U.S. crude inventories declined by 3.5 million barrels last week. Tensions remain over Iran’s missile program, but the risk premium in oil markets has eased. Trading volumes in WTI contracts surged to a record in January.