Oil prices fall sharply

Brent crude is trading at $90 per barrel — a drop of more than 2% in a day and 22% from the peak of October 30 ($119). WTI crude is falling to $85. The decline comes amid reports of converging positions in talks between Iran and the US.

Oil prices are falling sharply. Brent crude is trading at $90 per barrel — a drop of more than 2% in a day and 22% from the peak of October 30 ($119 per barrel). WTI crude is declining at the same pace to $85 per barrel. The price decline comes amid reports of converging positions in talks between Iran and the US. No other details or comments are provided in the article.