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Global oil prices fell below the $100 per barrel mark, marking their lowest levels in 12 days amid optimism about a potential diplomatic resolution with Iran. Brent crude declined by 3.35% to reach $100.39, while West Texas Intermediate (WTI) fell by 4.63% to $95.66. Positive diplomatic developments contributed to reducing the geopolitical risks that had been driving prices higher, and markets are now awaiting updates on policy developments and events related to international energy supplies.
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