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Brent slips below $123 on Iran nuclear talks
Brent crude slipped more than $1 on Monday as Iran agreed to resume talks with top world powers this week on the country's nuclear programme, raising hopes of a peaceful end to the standoff that has rattled oil market for months. Prices were also under pressure on demand growth concerns after data showed U.S. employers hired far fewer workers in March than in previous months. Job growth in the world's biggest oil consumer slowed to 120,000, the Labor Department said on Friday, the smallest increase since October. Front-month Brent crude fell $1.07 a barrel to $122.36 by 2346 GMT, after slipping as low as $122.17. It ... (full story)