Brent crude prices have fallen for six consecutive days, marking the longest losing streak in over a year. Futures contracts are trading around $98 to $99 per barrel, down from over $100 earlier this month. Markets now price a 0.5% probability of crude oil reaching a new all-time high by September 30, compared to 2% a week ago. This downward trend reflects cautious optimism regarding Iran-U.S. relations, with any development potentially having significant implications for global oil supply and pricing.
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