Oil prices slips two percent ahead of US-Iran talks

Oil prices today fell around two percent. The crude prices fell ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. In intra-day trade, Brent crude was trading around 90 dollars and 80 cents per barrel while WTI crude prices were at 89 dollars and 60 cents per barrel.