Nigeria, Feb. 27 -- Brent crude slipped to 70.70 dollars per barrel, while U.S. West Texas Intermediate traded at 65.20 dollars in early deals. Both benchmarks are now on course for weekly losses after giving up gains recorded earlier in the week when concerns briefly resurfaced over stalled negotiations.



The renewed talks, held in Geneva, focused on resolving the long-running nuclear dispute between Washington and Tehran. Optimism grew after Sayyid Badr Albusaidi confirmed that both sides made progress and agreed to continue technical discussions in Vienna.

The easing of tension reduced immediate fears of conflict that could disrupt crude flows from the Middle East.



The News Chronicle understands that market sentiment also rema...