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    2024-10-29

    [News] Crude Oil Prices See Largest Drop in Over Two Years as Middle East Political Risks Ease

    Macroeconomics

    Crude oil prices have sharply declined, marking the largest single-day drop in nearly two years as Israel’s recent strikes on Iran avoided impacting any oil extraction facilities, thereby reducing the political risk premium associated with the Middle East. Last Saturday, Israel launched airstri...

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