By Barani Krishnan
NEW YORK (Reuters) - Oil prices came off their lows on Monday after a Tehran official indicated the Islamic Republic might miss another deadline in securing a nuclear deal integral to lifting Western sanctions on its crude exports.
Crude futures had fallen nearly $2 a barrel earlier in the session on reports that Iran and world powers were closing in on a nuclear deal that would allow its oil to re-enter an over supplied market.
But Foreign Minister Mohammad Javad Zarif was quoted later by Iranian media as saying the talks will not be concluded on Monday as expected.
Brent crude futures were down 10 cents at $58.63 a barrel by 12:23 p.m. EDT, after plumbing a session low at $56.84.
U.S. crude futures were up 15 cents at $52.74, off the day's low of $50.76.
(Additional reporting by Christopher Johnson in London and Henning Gloystein and Keith Wallis in Singapore; Editing by Peter Galloway and Chris Reese)
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