World oil prices drop 5% on hopes over US-Iran war talks

LONDON, United Kingdom - Global oil prices fell more than five percent Thursday on optimism over talks aimed at ending the Middle East war.

International benchmark, Brent North Sea crude, shed 5.1 percent to $96.06 a barrel.

The main US contract, West Texas Intermediate, lost 5.5 percent to $89.87. — Agence France Presse