India, March 24 -- Oil prices fell slightly on Monday as investors awaited the outcome of a meeting between U.S. and Russian delegations to discuss ceasefire plan for Russia-Ukraine war.
The downside remained capped as the dollar resumed fall after a modest recovery in recent days.
Also, last week's U.S. sanctions on Iran and an upcoming boost in OPEC+ supply raised expectations of tighter supply.
Benchmark Brent crude prices slipped 0.2 percent to $71.50 a barrel in European trade while WTI crude futures were down 0.1 percent at $68.22.
Investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
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