Crude oil prices decreased to $66 a barrel. This happened after US President Donald Trump declared an Iran-Israel ceasefire. Earlier, prices had risen due to US bombing of Iranian facilities. Iran’s muted response and neutralized missile strikes at a US base in Qatar de-escalated tensions. Industry experts anticipate further price declines due to increased OPEC+ production and weaker demand.
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Crude oil slides to $66 after Trump announces Iran-Israel ceasefire
