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Benzinga
Benzinga
Business
Piero Cingari

Oil Sinks 6%, Nasdaq 100 Rallies On Iran Talks: Stock Market Today

Iran Oil Donald Trump ETF United States crude oil eBay Inc Fair Isaac Corporation First Solar Inc. GameStop Corp
3d,Render,Closeup,Of,Computer,Keyboard,With,Nasdaq,100,Index

U.S. equities opened August with a broad-based relief rally Monday as crude oil tumbled and Treasury yields retreated from 18-month highs, after President Donald Trump called off a planned military strike on Iran over the weekend and said negotiations would resume.

West Texas Intermediate crude sank 5.9% to $79.69 a barrel, a three-week low, unwinding a chunk of the geopolitical premium built up over the past month. Brent slid 4.7% to $83.78.

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