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Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’
Oil prices dropped more than 2% in early Asian trading on Monday as traders booked profits while awaiting details of a forthcoming U.S.
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Oil prices dropped more than 2% in early Asian trading on Monday as traders booked profits while awaiting details of a forthcoming U.S. sanctions package targeting Iran. At the time of reporting, West Texas Intermediate futures were at $85.18 a barrel, a 2.16% decline, and Brent futures were at $92.32 a barrel, down 2.19%. The price slide reflects market caution ahead of the anticipated sanctions announcement.
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