Oil prices slip to two-week low
Oil prices fell about 5 percent to two-week lows yesterday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough. Brent crude futures were down $4.97, or 4.8 percent, at $98.57 a barrel at 11:19am…
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