Oil prices have fallen after Iran agreed to a deal to curb some of its nuclear activities in return for easing of international sanctions against it. Iran holds the world's fourth-largest oil reserves but its exports have been hurt by the tough sanctions.
Though Iran will not be allowed to increase its oil sales for six months, the deal has eased tensions in the Middle East - a key oil-producing area.
US light sweet crude fell US$0.84 cents to US$93.64 per barrel.
In an attempt to force Tehran to curb its programme, the US and other leading economies have imposed a series of tough sanctions aimed at Iran's oil exports - a key driver of its economy.
All feeds
