Monday 16 April 2012

Oil falls toward $102 after Iran nuclear talks

Oil fell to near $102 a barrel Monday after negotiators said meetings over Iran's nuclear program last weekend began on a positive note, easing tensions that had sent crude higher.

Benchmark oil for May delivery was down 29 cents to $102.54 a barrel by at early afternoon European time in electronic trading on the New York Mercantile Exchange. The contract fell 81 cents to settle at $102.83 in New York on Friday. (AP)




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