Oil falls $2 as Middle East talks help ease supply worries

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Oil futures have fallen by more than $2 a barrel as traders focus on Middle East peace talks, though prices remain near their highest in six months as the Houthi-Saudi Arabia conflict rages on and investors worry about the potential for more fighting in the US-Israeli war with Iran, Reuters reports.

Brent crude futures are down $2.09, or 1.8 per cent, at $113.72 a barrel as of 1744 GMT (10:44pm PKT). US West Texas Intermediate crude is down $1.93, or 1.9pc, at $99.83.

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