politics
Oil prices dip amid optimism over potential US-Iran deal
Key takeaways
- West Texas Intermediate crude futures, the benchmark for North American markets, dipped by more than 6.1 percent to $90.68 as of early Monday.
- That translated to a slight decrease at the pump in the U.S.
- AAA also reported that the price of diesel fuel has decreased by more than three cents from a week ago, to less than $5.60.
Why this matters: political developments that affect policy direction and public trust.
West Texas Intermediate crude futures, the benchmark for North American markets, dipped by more than 6.1 percent to $90.68 as of early Monday. Brent crude futures, the global benchmark, dropped by 6.1 percent to $97.22.
That translated to a slight decrease at the pump in the U.S. The average per-gallon price of a gallon of regular gas was more than $4.50 on Monday, a decrease of less than one cent from Sunday and less than a cent lower than a week ago, according to AAA.
AAA also reported that the price of diesel fuel has decreased by more than three cents from a week ago, to less than $5.60.
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