Oil falls below $80 after U.S.-Iran talks make progress (opens in new tab)

Oil prices fell on Monday after high-level U.S.-Iran talks in Switzerland ended with Qatar and Pakistan, which mediated the talks, citing “encouraging progress” toward a final agreement and a 60-day roadmap for further negotiations. Brent crude traded around $80 a barrel or below it, with reported levels ranging from $78.89 to $79.12, while U.S. West Texas Intermediate traded near $75 to $76 a barrel in early trading. The talks followed a memorandum of understanding signed last week that sour...