Oil prices slid as investors dial back fears of a supply shock after Donald Trump said Iran was "seriously talking" with Washington over the weekend.

WTI crude oil futures drop sharply as Trump’s Iran comments ease geopolitical risks. Technical analysis points to key support tests at $60.66-$59.29.

Oil prices dropped after the U.S. and Iran pledged to continue nuclear talks, easing fears of Middle East supply disruptions.

Oil traders are worried that war between the U.S. and Iran could lead to a major disruption of crude supplies in the Middle East.

Oil and gold prices fell Monday as concerns eased over US monetary policy and the chances of an American attack on Iran, while stock markets pushed higher. Both main crude oil contracts shed more than ...