Oil Falls Over 1% as Iran-Qatar Talks Raise Diplomacy Hopes
Crude oil prices slipped more than 1% after Iranian and Qatari officials began talks aimed at easing regional tensions. Brent crude futures dropped to $111.84 a barrel, while US West Texas Intermediate fell to $102.56. The decline came after a sharp rise in prices the previous week, ahead of the US midterm elections. OPEC+ has left its production targets unchanged because of ongoing supply disruptions. Market watchers remain wary that military escalation could still follow the elections.
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