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Oil at $100 a Barrel as Focus Remains on Iran Peace Talks and Saudi Supply Recovery
Brent eased after a partial restart of Saudi Arabia’s East-West pipeline and renewed U.S.-Iran diplomacy reduced immediate supply squeeze fears, analysts said.
World oil prices have fallen for the sixth consecutive trading session, marking the longest decline in Brent's last year's quotas. Evolution is driven by the prospect of resuming activity to a major pipeline in Saudi Arabia and signals of possible progress in US-Iran negotiations, reports Kurs Ukrainians.