Business & Economy
Oil falls amid optimism over potential diplomatic solution to the Iran conflict
Oil fell Friday, following a report that U.S. and Iranian negotiators are discussing a phased deal to end the standoff in the Persian Gulf.
AI Summary
Oil prices slipped on Friday after a report said U.S. and Iranian negotiators in New York were discussing a phased agreement to end the Persian Gulf standoff. Brent crude futures for November delivery fell 0.92% to $105.68 a barrel, while U.S. West Texas Intermediate futures for the same month dropped 1.52% to $93.09 per barrel. The price declines reflected market optimism that diplomatic talks could resolve the regional conflict.
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