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Oil Prices Fall Further as Likelihood of US Strike on Iran Diminishes

Crude futures continue their downward trend amid reduced geopolitical risk following eased concerns over potential US military action against Iran.

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Terms & Concepts
  • Crude futures: Contracts to buy or sell a specific quantity of crude oil at a predetermined price and date in the future.
  • Geopolitical risk: The potential for political or military events to affect markets and asset prices, often causing volatility.