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Crude prices fell sharply in the overnight sessions as traders&nbsp;calculated the pressure on the commodity with rising supply from OPEC and possibly Iran as demand outlook in peak summer season weakened with a resurgence of the Covid infection globally.&nbsp;
Investors are keenly watching the indirect talks between Iran and the United States as part of negotiations to revive the 2015 nuclear deal which could lead to increased oil supply from Iran.
Talks will be held in Vienna today and may present&nbsp;a possible path toward removing sanctions on the Middle Eastern country&rsquo;s oil exports
Meanwhile OPEC+ led by Saudi Arabia have agreed to&nbsp;to boost production from May onwards which is also keeping prices in check as global&nbsp;demand outlook is&nbsp;slumping with&nbsp;resurgence of Covid-19 cases around the world.

Rising Covid cases dims demand outlook, Iran talks in focus as oil prices slump 

Crude prices fell sharply in the overnight sessions as traders&nbsp;calculated the pressure on the commodity with rising supply from OPEC and possibly Iran as demand outlook in peak summer season weakened with a resurgence of the Covid infection globally.&nbsp;

<ul>
<li>Crude prices fall as OPEC&nbsp;raises supply, Iran talks in focus</li>
<li>Crude demand outlook falls as global Covid&nbsp;cases rise</li>
<li>US, Iran to hold talks today to revive nuclear deal&nbsp;</li>
<li>Traders bet on Iran oil supply to rise&nbsp;</li>
<li>OPEC+ to increase supply from May onwards</li>
</ul>

Crude prices fell sharply in the overnight sessions as traders&nbsp;calculated the pressure on the commodity with rising supply from OPEC and possibly Iran as demand outlook in peak summer season weakened with a resurgence of the Covid infection globally.&nbsp;
 Investors are keenly watching the indirect talks between Iran and the United States as part of negotiations to revive the 2015 nuclear deal which could lead to increased oil supply from Iran.
Talks will be held in Vienna today and may present&nbsp;a possible path toward removing sanctions on the Middle Eastern country&rsquo;s oil exports
 Meanwhile OPEC+ led by Saudi Arabia have agreed to&nbsp;to boost production from May onwards which is also keeping prices in check as global&nbsp;demand outlook is&nbsp;slumping with&nbsp;resurgence of Covid-19 cases around the world.

As a sign of goodwill, known as 'panda diplomacy', China has lent a 19-year-old panda name Yuan Yuan to Vienna's Schoenbrunn zoo. In an official ceremony, Li Zhanshu, the head of China's parliament handed over Yuan Yuan who was chosen as a partner for Yang Yang, the zoo's 18-year-old female panda. She has been at the zoo since 2003 but without a companion since its previous male, Long Hui, died of cancer in 2016. 

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