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Thursday, August 27, 2026
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Oil extends losses on hopes Middle East talks could ease supply woes

Aug 27: Oil prices fell more than $1 on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the Middle East war. Brent crude futures were down $1. 36, or 1. 55 per cent, to $86. 48 a barrel at 0800 GMT, in

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