Oil prices edge lower as Iran talks extend beyond deadline

April 1, 2015 2:22 AM

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Oil prices edge lower as Iran talks extend beyond deadline

SINGAPORE (Reuters) - Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear program would be reached that could allow more Iranian crude onto world markets.

Talks between Iran and six world powers to settle a dispute around Tehran's nuclear program extended beyond a Tuesday deadline, as the parties edged towards a deal but failed to agree to crucial details such as the lifting of U.N. sanctions.

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