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Oil Prices Slip Over 1% as Iran-Qatar Talks Seek to End US-Iran War
Brent crude could rise much higher while it remains above a chart pattern’s neckline, one market commentator warns.
TLDR
Oil prices fell more than 1% as Iran-Qatar talks sought to end the US-Iran war. Despite the drop, a market commentator warns that Brent remains above a chart pattern’s neckline and could climb much higher. The commentator says such a rise could deepen 1970s-style stagflation.
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