Oil prices fell on Monday as spare oil storage capacity runs low and a potential agreement in nuclear talks with Tehran opened the prospect of more Iranian exports, should sanctions be eased. U.S. crude fell to $43.57 in early trading, its lowest since March 2009, before rebounding to $44.19 by 0658 GMT, still down 65 cents. Brent was trading at $54.26 a barrel, down 41 cents. Western powers are hoping for concessions from Tehran that could help clinch a political agreement in nuclear talks this week after the United States and European powers voiced a willingness to compromise on suspending U.N. sanctions, which also affect oil exports. “The prospect of an increase in Iranian oil sales as part of a new agreement in the next couple of months will only exacerbate OPEC oversupply, supporting our bearish outlook,” Barclays said. The World Petroleum Council said that the […]