Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal. Brent futures were down 15 cents, or 0.12%, at $121.45 a barrel, after falling more than $1 earlier in the session. U.S. West Texas Intermediate futures fell 75 cents, or 0.65%, to $114.18 a barrel at 0729 GMT, after shedding over $2 earlier. The contracts had gained $2 and $1, respectively, in morning trade. White House national security adviser Jake Sullivan said on Wednesday the United States and its allies have made progress in Iran nuclear talks but issues remain. read more “A lifting of Iranian export restrictions would help alleviate the immense tightness prevalent in crude markets […]