Oil retreats from large jump as focus returns to Iran talks

April 2, 2015 4:16 AM

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Oil retreats from large jump as focus returns to Iran talks

SINGAPORE (Reuters) - Oil prices fell on Thursday as attention returned to nuclear talks with Iran, with the prospects for a deal and an increase in Iranian crude exports helping to keep pressure on prices.

Major powers and Iran have stretched talks on Tehran's nuclear program into a second day past an end-March deadline, with diplomats saying prospects for a preliminary deal were balanced between success and collapse in the coming hours.

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