Oil falls over $1 on expectations for US-Iran nuclear deal
Oil prices fell over $1 during trade on Thursday on expectations of a potential US-Iran nuclear deal, while a surprise build in US crude oil inventories last week heightened investor concerns about oversupply. Brent crude futures fell $1.49, or 2.3%, to $64.60 a barrel by 04:05 GMT. US West Texas Intermediate (WTI) crude futures slid $1.46, or 2.3%, to $61.69.