India, Nov. 9 -- Oil prices were sharply lower on Monday, extending last week's losses after U.S. President Donald Trump said he was highly unlikely to order more attacks on Iran as long as talks continue on Iran's nuclear program and reopening the Strait of Hormuz.
Brent crude futures were down 1.2 percent at $97.17 a barrel, after having plunged over 13 percent to a two-month low last week amid bets that Democrats' victory in the U.S. midterm elections could hasten the end of the U.S.-Israeli war on Iran. WTI crude futures dropped 0.4 percent to $90.49 a barrel.
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