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WTI Crude Oil futures experienced a significant two-day drop, falling over 10% and looking to close at their lowest level since July 10. The sell-off was largely driven by an unwinding of the war premium as Middle East tensions eased. Reports indicated that planned strikes on Iran were called off and de-escalation was
WTI Crude Oil futures experienced significant selling pressure to start the week, dropping over 5 percent to trade near the 80.25 level. The primary driver of this decline was a reduction in Middle East geopolitical tensions over the weekend. Market concerns regarding potential escalations, particularly in the Strait o