India, Feb. 3 -- Oil extended losses on Tuesday after falling more than 4 percent the previous day amid signs of de-escalation in U.S.-Iran tensions. A firmer dollar also put downward pressure on prices.
Benchmark Brent crude futures fell 1.2 percent to $65.53 a barrel while WTI crude futures were down a little over 1 percent at $61.50.
Iran and the United States are set to resume indirect nuclear negotiations on Friday in Istanbul, according to officials from both sides.
Trump has presented a stark choice regarding the OPEC member, stating that reaching a deal would be positive, but failure could lead to "bad things."
Talks with the U.S. should be pursued to secure Iran's national interests as long as "threats and unreasonable expectat...