Oil Falls About 1% to Around $71 a Barrel on Iran Nuclear Talks and US Tariff Concerns
US, Feb 23 : Oil prices fell about 1% on Monday as easing tensions over a potential U.S.-Iran conflict were offset by uncertainty stemming from fresh U.S. tariff hikes. Brent crude futures dropped 76 cents, or 1.06%, to $71 per barrel, while U.S. West Texas Intermediate (WTI) crude fell 75 cents, or 1.10%, to $65.75 per barrel.
The market reacted…
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