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- WTI crude futures initially slipped as various wires cited the US as having dropped sanctions targeting Iranian oil officials. WTI and Brent crude futures both dropped well over $1/bbl as markets looked forward to further progress with Tehran possibly leading to a return of Iranian oil onto the global market.
- This gains swiftly reversed however, as wires clarified that the official in question was a former, and not current, Iranian oil official, leading WTI to bounce smartly off the lows and head into the close in only minor negative territory.