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Commodities

Trump's Last-Minute Halt Sends Crude Oil Futures Plummeting

Guavy AI Editorial Team
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Oil
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Crude oil futures opened lower this week after President Donald Trump halted a major US/Israeli attack on Iran, which had threatened a significant conflict escalation.

The move brought tensions in the region down a notch, causing crude prices to slump. This development comes as OPEC+ members announced a further 188,000 bpd quota increase in September, marking the sixth consecutive adjustment to their voluntary production cuts.

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