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Oil Dips on Iran Thaw
Oil prices fell on Tuesday as U.S. President Donald Trump signaled a preference for de-escalation with Iran, easing concerns about disruptions to Middle East supplies. Brent crude dropped 2.17% to $90.40 a barrel, while West Texas Intermediate fell 1.75% to $85.10. Higher OPEC production in October helped stabilize supply, while China’s crude imports reached their highest level since March. Brent remained 23% below its October peak of $118.
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