Oil prices decline after Iran handed over its revised proposal in the negotiations

Bloomberg reported on Friday that oil prices fell, trimming their weekly gains in London and New York, after reports were issued about Iran submitting its revised proposal in the peace negotiations with the United States.
Brent crude futures for July delivery fell by about 0.2% to reach about $110 a barrel in London.
West Texas Intermediate crude, which witnessed lower trading, also fell by 2.1%, reaching about $103 per barrel.