Oil: Brent Snaps 2-Day Advance.

Brent crude oil futures fell more than 3% to around $67.3 per barrel on Thursday, reversing a two-day advance as easing geopolitical tensions and demand concerns pressured prices. Iran confirmed it will hold negotiations with the US in Oman on Friday, reducing the immediate risk of military conflict and potential supply disruptions from the major OPEC producer. The news eased some of the geopolitical risk premium tied to the Middle East, which accounts for about a third of global crude supply. Prices also came under pressure after weaker US private jobs data revived concerns about an economic slowdown and softer fuel demand. Still, uncertainty remains over whether Washington and Tehran can bridge key differences, keeping some risk premium in the market. Traders are also monitoring Ukraine developments after renewed Russian attacks on energy infrastructure, while the US and Russia agreed to resume high level military contacts.