India, April 8 -- Oil prices have fallen sharply, and Asian as well as European stock markets responded positively to news of the United States and Iran agreeing to a two-week ceasefire on the Middle East war.
Brent crude price decreased by about 13 percent to $94.30 a barrel and US-traded WTI fell by nearly 16 percent to $94.80 in early morning trade on Wednesday.
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