Oil prices slide in biggest drop since July on hope for more Iran talks
Oil prices posted their sharpest drop in three months Monday, after a series of headlines on Iran gave investors hope that the Trump administration would find a way to end the conflict without further escalation.
International Brent crude oil fell 7.6% to close the day at $104.77 per barrel, while U.S. crude oil dropped 7.3% to $96.46 per barrel.
The plunges were the largest one-day drops by percentages since July 27. For both key oil benchmarks, it was largest single-day drop in dollar terms since April 17.
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