Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure markets

TOKYO: Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine ​wars pressured the market. Brent futures lost $1.14, or 1.2%, to $91.62 a barrel ‌by 0141 GMT. US West Texas Intermediate (WTI) crude futures fell $1.04, or 1.2%, to $85.49. Brent rose about 1.4% and WTI 0.6% on Wednesday after hitting two-month lows the previous day. “Markets are ​falling on expectations that behind-the-scenes efforts are underway to secure a ​cea

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