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Oil prices ease as market weighs Iran peace talks and US midterms outcome
Oil prices eased in early trading on Wednesday as investors awaited the results of the US midterm elections and assessed their potential impact on Washington-Tehran peace talks, offsetting an unexpected drop in US crude inventories. Brent crude futures fell 0.25% to $103.34 a barrel, while US West Texas Intermediate (WTI) crude went down 0.55% to $95.56.
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