UPDATE 10-Oil drops on U.S. fiscal impasse, Iran talks * Senate - TopicsExpress

UPDATE 10-Oil drops on U.S. fiscal impasse, Iran talks * Senate suspends talks till House Republicans have plan * Republicans struggle to find common ground on impasse * Iran says world powers have good reaction to its plan * Western powers temper expectations for quick results in Iran talks By Anna Louie Sussman NEW YORK, Oct 15 (Reuters) - Oil prices extended losses late on Tuesday after credit rating agency Fitch warned that it could cut the sovereign credit rating of the United States from AAA due to political brinkmanship that was increasing the risk of a U.S. default.

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