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Market Impact: 0.35
Oil Prices Drop For 5th Straight Day
Source: Nasdaq
Energy Markets & PricesGeopolitics & War
Oil prices fell for a fifth consecutive session on Tuesday as investors anticipated that U.S.-Iran diplomatic efforts could reopen the Strait of Hormuz sooner than expected. A reopening would reduce perceived supply-disruption risk and pressure crude prices lower.
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mildly negative
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