Oil prices slide more than 1% as U.S.-Iran Oman talks ease supply fears; Brent, WTI retreat
Brent crude fell 86 cents to $68.60 a barrel and WTI dropped 82 cents to $64.32 Thursday as markets reacted to news of a U.S.-Iran meeting set for Friday in Muscat. U.S. crude inventories declined by 3.5 million barrels last week, according to EIA data. Gulf stock markets also slipped, with Saudi Arabia’s benchmark index down 1.1%.