Oil drops on US-Iran optimism
Oil prices declined today, Thursday, as investors awaited progress in the talks between Iran and Oman, which could pave the way for an agreement between the United States and Iran to end the ongoing five-month conflict and reopen the Strait of Hormuz. The price of Brent crude fell by 0.5% to $79.08 per barrel, while U.S. West Texas Intermediate dropped by 0.7% to $74.69.
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