Doha: Oil prices edged lower on Monday ahead of anticipated nuclear talks between the United States and Iran, as concerns over potential supply disruptions eased and OPEC+ signaled a possible resumption of production increases starting in April. Brent crude futures slipped 3 cents to $67.72 per barrel, after settling 23 cents higher on Friday. US West Texas Intermediate (WTI) crude also fell 3 cents to $62.86 per barrel.

According to Qatar News Agency, both benchmarks recorded weekly declines last week, with Brent falling about 0.5% and WTI losing around 1%.