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Article Summary
- Oil prices are falling due to the possibility of a peace deal in the Middle East
- The peace deal could lead to increased oil production in the region
- Analysts are predicting a decrease in oil prices in the near future
- Investors are closely monitoring the situation for any developments
- The tone of the article is cautious and speculative, highlighting the potential impact of the peace deal on oil prices
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Oil Prices Fall On Possible Mid-East Peace Deal
Oil prices fell more $2 per barrel on Monday after reports emerged that Israel and Lebanon have agreed to the terms of a deal to end the Israel-Hezbollah conflict. Brent crude for January delivery fell 2.75% to trade at $73.10 per barrel at 11.45 am ET while WTI crude fell 2.70% to $69.36 per barrel. Reuters reported on Monday that a senior Israeli official said the countrys cabinet would mee...
https://oilprice.com/Latest-Energy-News/World-News...
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