Oil prices fall as progress in US-Iran talks eases supply concerns
SINGAPORE (Reuters) -Oil prices fell about 1% on Monday after nuclear talks between the United States and Iran progressed, reducing the concerns that the dispute will reduce supply from the major Middle Eastern producer. Brent crude futures slipped 70 cents, or 1.03%, to $67.26 a barrel at 0030 GMT after closing up 3.2% on Thursday. The U.S. and Iran agreed on Saturday to begin drawing up a framework for a potential nuclear deal, Iran's foreign minister said, after talks that a U.S. official described as yielding "very good progress."