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  • 5 months ago
Oil prices fell after Trump said violence in Iran had stopped, easing fears of imminent U.S. military action and cooling recent geopolitical risk premiums.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Oil prices fell on Thursday after Trump said violence in Iran had stopped,
00:06easing fears that a U.S. military strike was imminent, according to CNBC.
00:11Brent crude futures fell 2.8 percent to settle at $64.63 a barrel,
00:17while front-month West Texas Intermediate dropped 2.9 percent to $60.23.
00:24Trump said he was told by sources in Iran that executions were not planned
00:28and that the White House was monitoring the situation.
00:31Oil had risen earlier in the week after Trump canceled meetings with Iranian officials
00:35and warned of possible U.S. intervention.
00:38Concerns also grew after reports that U.S. and British personnel were leaving a military base in Qatar.
00:44Deutsche Bank said markets viewed Trump's comments as a signal that the U.S. could delay military action,
00:49though caution remains.
00:50For all things money, visit Benzinga.com.

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