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Oil falls more than 2% as U.S.-Iran tension eases hopes
The move comes as President Trump played down claims the U.S. is running short on weapons, despite the perceived pause in hostilities.
Oil prices dropped more than 2% as traders leaned into signs of de-escalation in U.S.-Iran tensions, according to CNBC Markets and CNBC World.
The network reports that President Trump, speaking to reporters aboard Air Force One on Monday en route to Michigan, dismissed suggestions that the United States was running short on weapons.
The headlines point to a pause in the immediate risk of hostilities, helping weigh on crude prices.
Latest closeWTI crude $81.92 ▼8.3%
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