Oil prices edge lower as Iran says it is open to diplomacy to end the war

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Oil prices edge lower, after climbing 4 per cent in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so, Reuters reports.

Brent crude futures fall 94 cents, or 0.9pc, to $102.13 a barrel, while West Texas Intermediate futures eased 59 cents, or 0.7pc, to $91.56.

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