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Tuesday, November 3, 2026

Oil prices plunge by most since July on renewed hopes for diplomacy in U.S.-Iran war

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Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures fell by their biggest one-day percentage decline since July, as the market gave credence to the latest diplomatic moves aimed at bringing the U.S. and Iran to the negotiating table as well as President Trump's willingness to allow more

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