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After US President Trump downplayed the possibility of launching a new round of large-scale military attacks on Iran, international crude oil futures prices fell significantly in early trading on the 9th. At one point, the decline was more than 5%, then narrowed. As of 11:00 a.m. EST on the 9th, the price of light crude oil futures for December delivery on the New York Mercantile Exchange fell as low as $86.19 per barrel, down $4.64, or 5.11%; the lowest price of London Brent crude oil futures for January delivery fell to $92.80 per barrel, down $5.52, or 5.61%.
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After US President Trump downplayed the possibility of launching a new round of large-scale military attacks on Iran, international crude oil futures prices fell significantly in early trading on the 9th. At one point, the decline was more than 5%, then narrowed. As of 11:00 a.m. EST on the 9th, the price of light crude oil futures for December delivery on the New York Mercantile Exchange fell as low as $86.19 per barrel, down $4.64, or 5.11%; the lowest price of London Brent crude oil futures for January delivery fell to $92.80 per barrel, down $5.52, or 5.61%.
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