Muscat: Oil prices edged lower in early Asian trading today as investors weighed planned three-way talks involving Russia, Ukraine and the United States aimed at ending the conflict in Ukraine. Brent crude futures fell 53 cents, or 0.8%, to $66.07 a barrel, while US West Texas Intermediate (WTI) crude for September delivery -- which expires Wednesday -- dropped 44 cents, or 0.7%, to $62.98.
According to Oman News Agency, the more active October WTI contract slid 55 cents, or 0.9%, to $62.15 a barrel. The declines came after both benchmarks settled about 1% higher in the previous session.