London, June 22 (SANA) Oil prices declined on Monday in global markets after the conclusion of U.S.–Iran talks in Switzerland, which were described as positive, and following reports that Tehran secured exemptions for oil and petrochemical exports, easing concerns over potential supply disruptions.
Reuters reported that Brent crude fell 1.90% to $79.04 per barrel. U.S. West Texas Intermediate (WTI) crude futures stood at $76.53 per barrel, down seven cents ahead of contract expiry later in the day. The more actively traded August WTI contract fell 55 cents to $75.30 per barrel.
Earlier in the session, Brent had risen by more than $1 per barrel in Asian trading after a shaky start to the first round of talks between U.S. and Iranian officials in Switzerland.
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