US West Texas Intermediate crude fell $2.50, or 2.7 percent, to $91.16 a barrel by 00:58 GMT, after closing at a 1.7 percent increase in the previous session.
Brent crude fell $2.43, or 2.6 percent, to $92.38, after ending the previous day’s trading, up 1.6 percent.
“The positive news about the US-Iran nuclear negotiations provides a much-needed calm to global oil prices, as the possibility of new crude supplies narrows the supply-demand gap,” said Claudio Galimberti, vice president of consultancy Rystad Energy.
France said, on Wednesday, that the decision to save the Iranian nuclear agreement concluded in 2015 with world powers has only days left, and that it is now up to Tehran to make the political decision, while Tehran called on Western powers to be “realistic.”
(Prepared by Mahmoud Salama for the Arab Newsletter)