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Oil prices fall after Trump's remarks
Oil prices slightly declined today after Trump's statements indicating no intention to attack Iran before the upcoming U.S. elections next month, which alleviated some concerns about Middle Eastern supplies. Brent contracts fell to $102.91 per barrel, while West Texas contracts dropped to $90.40, despite Brent recording a weekly gain of 4 percent due to increased attacks on oil tankers. Reports indicate ongoing tensions in the region, but diplomatic efforts and U.S. sanctions continue to play a role in maintaining relative market stability.
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