Brent crude futures down 6% to lowest level in two weeks and stock markets rise
Oil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace deal.
Brent crude futures, the global oil benchmark, were down 6% to $97.28 a barrel, the lowest level in two weeks, with hopes that an agreement to end the near three-month US-Israeli war on Iran can be struck.
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This article was originally published by The Guardian and written by Julia Kollewe.
Read original article on The Guardian