Oil prices fall 5% on US-Iran de-escalation
Government
Feb 2 : Oil prices fell nearly 5 per cent on Monday and were heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump said Iran was "seriously talking" with Washington, signalling de-escalation with an OPEC member. Brent crude futures were down $3.38, or 4.9 per cent, at $65.94 per barrel at 0528 GMT. U.S. West Texas Intermediate crude fell $3.33, or 5.1 per cent, to $61.88 per barrel. Both contracts sank from multi-month highs as risks of a
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