Oil falls over 1%

Oil prices fell more than 1 percent on Wednesday as talks between Iran and the US aimed at reaching a final agreement to end their war continued and the market awaited data from the US regarding stock draws. Brent futures fell $1.14, or 1.6 percent, to $71.81 a barrel at 0859 GMT, while US West Texas Intermediate crude was down $1.11, or 1.6 percent, to $68.39 a barrel.

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