Oil mixed over Iran talks and Russia’s invasion threat

The prospects of the U.S. easing its sanctions on Iran over another possible nuclear deal weakened crude oil prices after they hit their highest levels on Monday since 2014. Prices on Friday closed down again in the U.S. but rose slightly in global trading.

West Texas Intermediate crude for March delivery dropped 69 cents or 1.7% to $91.07 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for April delivery went up 57 cents or 0.7% to settle at $93.54 a barrel on ICE Futures Europe.

March natural gas fell 6 cents to $4.43 per 1,000 cubic feet.

The presence of an estimated 150,000 Russian soldiers on the border with Ukraine with fears over possible supply disruptions is responsible for limiting losses in the past week.

Among the Oklahoma energy stocks that saw positive trading was Unit Petroleum which recorded a nearly 7% gain. But SandRidge Energy lost more than 5%.