Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

Oil prices extended losses as diplomatic talks eased supply disruption concerns.

Brent crude futures and WTI crude touched their lowest levels since July.

The Caspian Pipeline Consortium resumed oil loadings after a suspension.

However, Middle East supply disruption fears persist amid drone attacks.

US crude inventories likely declined while distillate stockpiles increased. ...