Oil Likely to End Week Lower

Oil prices have fallen, heading into the second week of losses, despite a rise in the previous session following a report indicating that U.S. President Donald Trump is not interested in returning to a prior agreement with Iran. Brent crude declined by 0.3%, reaching $89.45 per barrel, while West Texas Intermediate also decreased by 0.3%, to $83.31, with weekly declines of 5.3% and 4.3%, respectively. This comes after the Trump administration informed intermediaries that it has no interest in reviving June's understandings, making it more difficult to resume negotiations with Iran, despite ongoing international diplomatic efforts to bridge the gap between the two sides.

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