Oil drops below 100 dollars on US-Iran talks
Oil prices fell to their lowest level in nearly two weeks on Monday. Investors pinned their hopes on potential US-Iran diplomatic progress at the United Nations. Saudi Arabia also saw a partial recovery in its crude oil exports.
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Brent Crude Oil fell below $100 a barrel on Monday, dropping 4.2% to $99.51 in afternoon trading. The decline reflects investor optimism over potential diplomatic talks involving the United States and Iran, alongside a partial recovery in Middle Eastern crude shipments.
