Oil prices fell as progress in U.S.-Iran negotiations, a temporary sanctions waiver, and renewed Iranian crude exports strengthened expectations of a gradual recovery in global oil supplies.

Oil prices rose on Sunday as traders assessed the implications of ongoing US-Iran negotiations and the durability of the ceasefire between the two countries.

Parties have agreed on a roadmap toward reaching a final deal in 60 days, and technical talks will continue for the remainder of week

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.

Oil prices drop as US-Iran peace talks advance. Crude oil reaching a new all-time high by September 30 at 7.5% YES.