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*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following    1.9M Followers
OIL SLIPS AS U.S.-IRAN DIPLOMACY TAKES FOCUS Oil prices moved lower as markets weighed U.S.-Iran talks over reopening the Strait of Hormuz. WTI fell 1.4% to $93.32, while Brent dropped 1.2% to $105.35. Diplomatic progress could push crude lower, but tight physical supply and the risk of renewed Middle East escalation are limiting the sell-off.
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