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Oil prices fall nearly 3% on signs of progress in U.S.-Iran talks, demand fears

  • Crude oil prices declined at the start of this week, influenced by several factors.
  • Negotiations between the U.S. And Iran about a nuclear deal added to the downward pressure.
  • OPEC+ decided to increase daily supply by 411,000 barrels starting in May, impacting prices.
  • IG analyst Yeap Jun Rong told Reuters that tariffs impacting global growth add pressure.
  • Oil prices fell more than 2% on Monday, with Brent at $66.15 a barrel.
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NDTV Profit broke the news in on Monday, April 21, 2025.
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