Brent crude fell 4.9% to $83.66 and U.S. crude dropped 5.8% to $79.81 as Dow futures rose 1.1% ahead of Monday's open while Asian markets fell.

(Bloomberg) -- Oil dropped, US equity futures rose and the dollar slipped after President Donald Trump said fresh US-Iran talks would begin Monday, boosting optimism the two sides…

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

Brent crude futures fell $4.37, or 5%, to $83.56 a barrel, while U.S. West Texas Intermediate crude declined $4.63, or 5.5%, to $80 a barrel.