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U.S. crude falls below $100 amid reports of U.S.-Iran diplomatic efforts
Oil prices fell sharply early on Monday amid reports that both the U.S. and Iran are seeking diplomatic options to bring an end to the Middle East conflict.
Summary
Oil prices fell sharply early on Monday amid reports that both the U.S. and Iran are seeking diplomatic options to bring an end to the Middle East conflict. Futures for international benchmark Brent crude for January delivery fell 3.91% to $109.00 a barrel as of 4:07 a.m. ET.
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