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Crude oil drops below $90 as Trump claims ceasefire is close for 38th time
The price of crude oil dipped below the $90/barrel mark for the first time since April 14 as US President Donald Trump claimed for the 38th time that a ceasefire deal between US and Iran was near. Brent crude fell about 5% while its US counterpart, WTI crude, fell to around $86/barrel. This comes a day after Israel-Iran strikes resumed.
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