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Commodities

CNQ Slumps 3.1% as Oil Prices Drop Amid Diplomatic Progress

Guavy AI Editorial Team
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Oil
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Canadian Natural Resources (CNQ) shares slid 3.1% on September 21, amid a broader decline in oil prices.

The drop in crude prices was triggered by easing supply concerns and diplomatic progress around Iran at the UN meeting.

Brent and WTI crude oil prices fell to their lowest levels in about 11 days, weighing heavily on energy shares.

Investors appeared to be reacting more to commodity price fluctuations than CNQ's operating fundamentals, which had shown strong production growth and raised 2026 guidance in its previous quarterly release.

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