Crude Oil Prices Fall Amid US-Iran Nuclear Talks, Easing Supply Disruption Fears

• Crude oil prices dropped as US and Iran continued nuclear talks, reducing concerns about Middle East supply disruptions.
• Brent crude futures fell 0.72% to $67.56 a barrel; US West Texas Intermediate crude was down 0.66% at $63.13.
• IG Market Analyst Tony Sycamore noted the market's relief from constructive US-Iran nuclear talks in Oman.
• Despite talks, Iran's foreign minister threatened attacks on US bases if US forces attacked, indicating lingering conflict risk.
• Investors also face concerns over Russia's oil export revenues and India's reduced purchases of Russian crude.