Oil prices edge lower as Iran nuclear deadline approaches

March 31, 2015 6:15 AM

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SINGAPORE: Oil prices fell in Asia on Tuesday as dealers monitored last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme and ease sanctions imposed on the crude producer.

US benchmark West Texas Intermediate fell 69 cents to $47.99 while Brent eased 55 cents to $55.74 in mid-day trade.

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