Oil Prices Drop Over 1% Amid Iran-Qatar Diplomatic Talks
Oil prices fell more than 1% as Iranian and Qatari officials held talks aimed at reducing conflict. Brent crude futures dropped to $111.84, and US West Texas Intermediate crude fell to $102.56. The decline followed last week's price surge before the US midterm elections. Opec+ maintained production targets despite ongoing disruptions, while market watchers remain cautious about possible military escalations post-elections.
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