Crude oil falls over 1% on Iran-Qatar diplomacy hopes

Oil prices dropped more than 1% after ongoing Iran-Qatar talks raised hopes of easing conflict. Brent crude reportedly fell to $111.84; the item cuts off before the WTI figure.

Timeline

1. 2 Nov, 11:00 UTCFirst appeared on CNBC

Top sources

• U.S. crude falls below $100 amid reports of U.S.-Iran diplomatic effortsCNBC