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Khan
@manzoorkhan
OIL PRICES SHED 2% AS IRAN‑ISRAEL CEASEFIRE EASES CONCERNS OVER SUPPLY, STRAIT OF HORMUZ CLOSURE Oil futures fell sharply on Tuesday as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East. The ICE Brent contract with August expiry was trading at $69.76 per barrel at 11:09 a.m. Moscow time, down 2.41% from the previous session. The front-month August NYMEX WTI contract was at $66.85 per barrel, 2.42% lower than the Monday settlement.
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