Oil falls to near $91 as Iran allows nuclear probe

SINGAPORE (AP) — Oil fell to a seven-month low near $91 a barrel Wednesday in Asia after Iran agreed to allow the U.N. nuclear agency to restart an investigation into the country's nuclear program.

Benchmark oil for July delivery was down 57 cents to $91.28 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $1.01 to settle at $91.85 in New York on Tuesday. Brent crude for July delivery was down 55 cents at $107.86 per barrel in London.