Crude Oil Eased On Iran, Russia Nuclear Affairs

Crude oil prices fell Monday on fears over Iran?s nuclear programme.

Light, sweet crude for April delivery eased 55 cents to $62.36 a barrel on the New York Mercantile Exchange midmorning in Singapore.

On Sunday, Iran and Russia agreed in principle to establish a joint uranium enrichment venture, a breakthrough in talks on a U.S.-backed Kremlin proposal aimed at easing concerns that Tehran wants to build nuclear weapons.