Brent down $2 on Iran talks, US data
New York, April 9, 2012
Brent crude futures fell more than $2 a barrel on Monday, as supply worries eased on renewed Iran talks about its nuclear program and as market players reacted to weak US jobs data released on Friday before the three-day holiday weekend.
Weakness in US gasoline futures, down as much as 2.54 percent on the day, and a big drop in US equities also dragged down oil futures.
In London, ICE May Brent was down $2.34, or 1.9 percent, at $121.09 a barrel, after trading between $121.03 and $122.85. - Reuters