Brent Crude Oil fell $5.05 to $93.27 a barrel on Monday morning, hitting its lowest level since early September after United States President Donald Trump signaled restraint toward Iran.
Oil Prices Slide Over Five Percent
Oil prices fell sharply on Monday as President Trump signaled restraint regarding potential strikes on Iran. Despite ongoing shipping attacks near the Strait of Hormuz, market participants weighed easing geopolitical tensions and rising global supply.
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