Ammon News - Oil prices fell about 2% on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, easing concerns that a potential military conflict between them could disrupt supply from the key Middle East-producing region.

Brent crude futures fell $1.44, or 2.07%, to $68.02 per barrel at 0335 GMT. U.S. West Texas Intermediate crude prices fell $1.34 cents, or also 2.06%, to trade at $63.80.

Oil prices surged about 3% on Wednesday after a media report suggested the planned talks between the United States and Iran on Friday could collapse. However, later in the day officials from both sides said talks would go ahead on Friday though the topics up for discussion have not been settled.

Reuters