Crude Falls as Iran Signals Willingness to Negotiate With West

摘要

Oil fell around $1 a barrel on Tuesday, as Iran's new president signaled willingness to negotiate with the West over Tehran's disputed nuclear program, and as US gasoline prices slid after a sell - off in ethanol credits. Iran's newly elected President Hassan Rohani said he was ready to enter "serious and substantive" negotiations. His message was seen as reducing the geopolitical risk premium for oil prices.