World oil prices fell on Friday after a momentous week that saw record peaks close to $100 as traders worried about tight energy supplies and geopolitical jitters in key producer countries. New York's main contract, light sweet crude for January delivery, sank 95 cents to $96,34 per barrel. The contract had hit an historic $99,29 on Wednesday.
Iran was not to blame for the disappointment expressed by European Union foreign policy chief Javier Solana after key talks in London on the nuclear crisis failed, chief negotiator Saeed Jalili said on Saturday. Solana said on Friday he was "disappointed" after the last-ditch talks in London failed to produce a breakthrough.
Secretary of State Condoleezza Rice singled out Iran on Wednesday as "perhaps the single greatest challenge" to US security, but stressed that diplomacy was the preferred way to end its nuclear drive. President George Bush last week warned that a nuclear-armed Iran evoked the threat of "World War III".