Brent crude drops by 5% after US president said talks on Middle East peace deal would resume

Brent crude futures slipped US$5.52, or 6.28 per cent. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices tumbled more than 6% on Monday as hopes of a diplomatic breakthrough between the United States and Iran erased part of last month's rally. However, uncertainty over the…

Brent for October lost as much as 7.3% in early Asia trade, after futures surged almost a quarter in July in their biggest monthly gain since March.

At 9.28 am on Monday, October Brent oil futures were at $83.49, down 5.05%, and September crude oil futures on WTI were at $79.70, down 5.85%