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Oil increases before US holiday amid Iran talks
Oil prices declined today, Friday, ahead of the weekend in the United States, amid continued cautious optimism regarding peace efforts between Washington and Tehran in the Middle East. Brent crude futures rose by 0.24% to $72.10 per barrel, and West Texas Intermediate (WTI) crude increased by 0.20% to $68.83, amid expectations of reopening the Strait of Hormuz and increasing regional production. The price gains come amid signs of improving relations between the two sides, although the market is awaiting concrete evidence of stability.
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