Oil prices stable at $90/Bbl, Iran supply prospects add pressure
LONDON (Reuters) -Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.
Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT.
U.S. West Texas Intermediate crude fell 43 cents, or 0.4%, to $88.93 a barrel.
The contracts slid about 2% on Tuesday as Washington resumed indirect talks with Iran to revive a nuclear deal.
An agreement could lift U.S. sanctions on Iranian oil and quickly add supply to the market, although a number of vital issues still need to be ironed out.
