Brent crude futures closed down 65 cents, or 1%, at US$64.09 a barrel, while US West Texas Intermediate crude fell 64 cents, or around 1.04%, to US$60.89 a barrel.
HOUSTON: Oil prices settled 1% lower on Tuesday as investors worried about a supply glut after Iranian and US delegations made progress in their talks and on expectations that Opec+ will decide to increase output at a meeting this week.
Brent crude futures closed down 65 cents, or 1%, at US$64.09 a barrel, while US West Texas Intermediate crude fell 64 cents, or around 1.04%, to US$60.89 a barrel.
