Oil drops to near $102 ahead of Iran nuclear talks
Oil prices fell to near $102 a barrel Monday in Asia amid hopes international talks this week may help avoid military action over Iran's nuclear program.
Benchmark oil for May delivery was down $1.19 to $102.12 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $1.84 to settle at $103.31 in New York on Thursday. The global oil market was closed Friday for the Good Friday holiday. (AP)
