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Oil futures declined on Thursday, pressured after a media report that said the U.S. and Iran were nearing a deal that would help alleviate sanctions on Tehran. Prices, however, settled above the session’s lowest levels as the U.S. called the media report “false,” according to a report from Reuters. July West Texas Intermediate crude CLN23 fell $1.24, or 1.7%, to settle at $71.29 a barrel on the New York Mercantile Exchange.
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