Oil Falls Near $2 on Middle East Talks
Oil prices declined as diplomatic talks in the Middle East helped ease supply concerns. Despite the drop, prices remain near six-month highs due to ongoing regional shipping disruptions and uncertain peace prospects.
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Brent Crude Oil fell $1.93, or 1.67%, to $113.88 a barrel on Tuesday amid ongoing Middle East diplomatic talks. Prices remain near six-month highs due to persistent shipping disruptions in the region. The pullback offers temporary relief to global markets as an agreement to end the conflict remains elusive.
