WTI Crude Oil Drops From $95 to $89 as Iran and Israel Halt Fire

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WTI crude oil dropped over 5% to around $89.13 a barrel, and Brent crude slid to $93, reversing spikes from Middle East tensions. Prices fell after Israel and Iran agreed to stop attacking each other. Market declines were further influenced by new data showing a drop in Chinese imports. Amrita Sen of Energy Aspects discussed these energy market moves while the U.S. continues talks with Iran, marking a retreat from recent price thresholds.
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