Economy
Oil drops nearly 2% amid Middle East peace talks
Brent closed at $113.88 and WTI at $99.90, but the drop is not expected to lower pump prices due to high refining and transport costs.
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The essentials of this story
- What happened
- Oil futures prices fell by nearly 2% amid Middle East peace negotiations and elections in Israel.
- Who is affected
- Market operators, investors, and fuel consumers.
- What changes
- Brent and WTI futures prices declined, but without expectations of an immediate drop at gas stations.
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