Crude Oil Prices Dip Amid Easing US-Iran Tensions, Nuclear Talks Progress

• Crude oil prices fell following positive talks on the US-Iran nuclear program, reducing the risk premium.
• West Texas Intermediate was above $62 per barrel, while Brent closed above $67.
• Tehran reported a "consensus" with Washington, and a US official expects a new Iranian proposal in two weeks.
• Geopolitical concerns, including Iran tensions, previously overshadowed warnings of a global oil glut.
• Diplomatic progress noted despite increased military deployments and Iran's Strait of Hormuz drills.