Oil prices fell on Thursday after sharp gains in the previous session as market participants assessed a U.S. decision to move personnel from the Middle East ahead of talks with Iran over that country's nuclear-related activity.Brent crude futures were down $1.02, or 1.5%, at $68.75 a barrel at 1253 GMT, while U.S. West Texas Intermediate crude fell $1.05, or 1.5%, to $67.10 a barrel.
Finnøy Gear & Propeller has signed a contract to deliver complete propulsion systems for a new series of eight cargo vessels being built for the Norwegian shipping company Wilson ASA. The vessels will be constructed at Udupi Cochin Shipyard Ltd. in India and are based on a design from the Dutch company Conoship International.