Oil slips more than 1% as talks continue on ending Iran war
Oil prices slipped more than 1% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. Brent crude futures fell $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT while US West Texas Intermediate crude was at $102.56 a barrel, down $1.56, or 1.50%. Brent ended October at its highest level in six months amid concerns that the US-Iran conflict could escalate again after Tuesday’s US midterm elections.