Oil slips to 2-week low as US-Iran seen transferring nearer to peace deal | World Information
Oil costs hit two-week lows on Monday. (Picture: AP) Oil costs hit two-week lows on Monday on optimism that the US and Iran have been transferring nearer in direction of a peace deal even although they remained at odds over key points, together with blockades on the Strait of Hormuz that continued to limit oil provide from the Center East.
Brent crude futures fell $4.71, or 4.55%, to $98.83 a barrel by 2234 GMT, whereas US West Texas Intermediate was at $92.03 a barrel, down $4.57, or 4.73%.
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