New Delhi, Feb. 2 -- Oil prices slid about 4% on Monday, February 2, after U.S. President Donald Trump said over the weekend that Iran was seriously talking" with Washington. The comments eased fears of an escalation involving the OPEC member, after earlier concerns over a possible military strike had pushed prices to multi-month highs.

Brent crude futures fell $2.81, or 4.1%, to $66.51 a barrel, while US West Texas Intermediate dropped $2.70, or 4.1%, to $62.51 a barrel.

The declines marked a sharp pullback from the previous session, when Brent hit a six-month high, and WTI hovered near its strongest level since late September, driven by rising US-Iran tensions.

On Saturday, Trump said that Iran was 'engaged in serious talks', coming ...