Afghanistan, Sept. 21 -- Oil prices fell in Asian trading on Monday, extending last week's losses as investors focused on renewed diplomatic efforts to end the conflict between the United States and Iran and on signs that disrupted crude supplies from the Gulf could gradually recover.
Brent crude futures fell 1.25% to $102.57 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 1.53% to $98.77 a barrel in early Asian trading. Both benchmarks ended the previous week lower as markets reassessed geopolitical risk premiums.
The decline followed reports that Washington and Tehran could resume high-level diplomatic contacts after months of military escalation. Investors have been closely watching signs of negotiations that could red...