Oil prices edge lower with no progress on US-Iran talks, Hormuz shipping still disrupted

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Oil prices are marginally lower after big gains in the previous session amid the stalled peace talks between Iran and the United States, and as both nations maintain restrictions on the flow of trade through the Strait of Hormuz, Reuters reports.

Brent crude futures fell 15 cents to $101.76 a barrel, after settling above $100 for the first time in more than two weeks on Wednesday. West Texas Intermediate futures fell 14 cents to $92.82.

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