Brent Crude Slumps 6.4% to $66.15 as U.S.-Iran Talks Ease Risk

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Brent crude futures fell 6.4% to $66.15 per barrel after President Trump indicated U.S.-Iran talks were underway, reducing geopolitical risk and prompting markets to test technical support around $60.66-$59.29. Meanwhile, OPEC+ held March production steady and U.S.-controlled Venezuelan exports rebounded to 800,000 bpd in January, boosting supply.

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