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WTI Sinks Below $100 as Middle East Shipping Talks Ease Supply Fears

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Oil prices declined sharply, with WTI dropping 2.8% below $100 a barrel following reports of diplomatic efforts to secure shipping arrangements with Iran.
  • The news triggered profit-taking and eased immediate supply disruption fears despite ongoing regional conflict in the Middle East.
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Stored market data

WTI price history

103.55 +71.61% over the displayed period

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