Crude oil futures settled marginally lower on Thursday after the presidents of US and Iran signed an interim agreement to end the conflict in the Middle East. The move has allowed oil and gas tankers to resume transit, easing concerns about global energy supplies.
Benchmark crude oil futures for July delivery decreased by $0.19 or 0.25% to settle at $76.60 a barrel on the New York Mercantile Exchange. Brent crude for August delivery rose by $0.3 or 0.38% to settle at $79.85 a barrel on the New York Mercantile Exchange.
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