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5/25, 11:02 AM (Source: TeleTrader)
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Oil prices lower after Monday's rally

Oil prices took a breather on Tuesday after jumping 3% in the previous session while investors shrugged off prospects of negotiators in Vienna reaching a deal with Iran on the Joint Comprehensive Plan of Action (JCPOA).

Earlier this week, Tehran and the International Atomic Energy Agency extended a technical agreement by another month as the Vienna talks on reviving the 2015 nuclear deal continue.

Brent for July deliveries was down 0.56% to $68.08 per barrel at 10:35 am ET. Meanwhile, West Texas Intermediate for settlements in the same month fell 0.65% to go for $65.62 per barrel.

Breaking the News / JC