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Commodities

Middle East Tensions Ease, Oil Prices Dip as Cooler Weather Looms

Guavy AI Editorial Team
Instruments
Oil Natural Gas
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Natural gas prices have dropped below key support levels due to forecasts of cooler weather and traders shifting contracts.

WTI oil prices also fell, declining towards $79 as President Trump expressed a preference for avoiding escalation in the Middle East.

The potential deal between the U.S. and Iran to reopen the Strait of Hormuz has led markets to anticipate restored oil supply if a temporary agreement is reached.

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