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Oil Prices Drop in Early Asian Trading

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Singapore, April 14 (QNA) - Oil prices fell at the start of Asian trading Tuesday, as signs of a possible dialogue between the United States and Iran eased supply concerns stemming from the US blockade of the Strait of Hormuz

Brent crude futures fell $1.86, or 1.87 percent, to $97.50.

US West Texas Intermediate (WTI) crude also declined $2.25, or 2.27 percent, to $96.83.

Both benchmarks had risen in the previous session, with Brent crude climbing more than 4 percent and WTI crude about 3 percent, after the US military began a blockade of Iranian ports. (QNA)

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