NEW YORK, Aug 3 : Oil prices fell about 5 per cent to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.Brent futures fell $4.41, or 5.0 per cent, to $83.52 a barrel at 10:39 a.m. EDT

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

TOKYO/SINGAPORE: Oil prices tumbled $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt…

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.

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%

Oil prices declined over 4% after U.S