Oil Prices Tumble as Crucial U.S.-Iran Talks Begin ...Middle East

Oil prices fell by about 2% early on Thursday as the crucial U.S.-Iran talks began in Geneva in what analysts see as one last attempt to reach a nuclear deal through diplomacy.  As of 7:50 a.m. ET on Thursday, the U.S. benchmark, WTI Crude, traded down by 1.61% to below the $65 per barrel threshold, at $64.38.  The international benchmark, Brent Crude, was falling by 1.27% and was just below $70 per barrel, at $69.96.  Prices were under pressure after the latest weekly data by the U.S. Energy Information Administration (EIA) showed…

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