Crude oil futures drop on reports of Kurdistan oil exports resuming, while market watches US-Russia peace talks closely.

On the supply front, Iraq will export 185,000 barrels per day from Kurdistan's oilfields through the Iraq-Turkey pipeline once oil shipments resume, an Iraqi oil ministry official said on Sunday.

The downbeat economic data have reinforced the expectations of the Federal Reserve’s (Fed) rate cuts. The US Dollar Index (DXY), which measures the USD against six major currencies, depreciates to ...