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Oil dips as Brent falls to $91
Oil prices decreased today, Tuesday, as futures for Brent crude fell to $91.49 per barrel and West Texas Intermediate futures dropped to $88.18, amid expectations of easing tensions in the Middle East. This came after U.S. President Donald Trump announced that Iran had shot down an American helicopter over the Strait of Hormuz, emphasizing that Washington will respond appropriately. The incident led to a decline in expectations of reaching a peace agreement between the two countries and had a negative impact on global oil markets.
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