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Diplomatic Hopes in the Middle East Knock Crude Prices Lower
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsCurrency & FX
October WTI crude fell $1.19, or 1.24%, to a three-week low on Tuesday, pressured in part by the U.S. dollar index rising to a seven-week high. October RBOB gasoline diverged, gaining 1.76 cents, or 0.51%, leaving refined-product pricing firmer than crude. The stronger dollar is a near-term headwind for dollar-denominated oil demand and crude prices.
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