Crude-oil futures were slightly lower in Asian trade Thursday with sellers gaining the upper hand in Brent amid signs of progress in Iran-U.S. nuclear talks and ahead of central bank announcements in Europe. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $94.73 a barrel at 0603 GMT, down $0.07 in the Globex electronic session. December Brent crude on London’s ICE Futures exchange fell $0.34 to $104.90 a barrel. Brent crude extended losses as markets wait for announcements by the Bank of England and the European Central Bank later Thursday, as any changes in monetary policy will affect the euro and oil prices. The premium of Brent crude over Nymex WTI has dropped to around $10.10 a barrel. A lot of traders have significant positions in the Brent-WTI spread and are probably liquidating their positions as the spread narrows, Ken Hasegawa, commodity […]