Oil falls after U.S. and Iran talk for hours at UN meeting

Oil fell Wednesday, amid optimism that supply disruptions would ease following U.S.-Iran talks which raised hopes of a diplomatic solution to the conflict in the Middle East. Futures for international benchmark Brent crude for November delivery dropped 0.75% at $98.51 a barrel. U.S. West Texas Intermediate futures for November fell 1.03% at $89.59 per barrel. President Donald Trump said Tuesday that U.S. officials had a "very good meeting" with Iran's delegation and that it lasted about three hours. Earlier in his address to the U.N., Trump said he has a "big decision" over whether to reach a deal with Tehran or "annihilate" the country.