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Hope for Iran off ramp sends oil prices sharply lower as global stocks rise

Wall Street pointed toward solid gains and oil prices fell 6% Wednesday over the possibility of a de-escalation in Iran and negotiations with the United States. S&P futures rose 1% before the opening bell, as did futures for the Dow Jones Industrial Average. Nasdaq futures gained 1. 1%. Oil prices retreated on growing hopes for a de-escalation. Brent crude, the international standard, fell more $6. 26 to $93. 97 per barrel. Benchmark U. S. crude gave back $5. 63 early Wednesday to $86. 72 a a...

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