India, Oct. 26 -- Oil prices fell more than 2 percent on Monday after reports of diplomatic efforts to reduce regional tensions in West Asia.
Brent crude futures slumped 2.1 percent to $114.29 a barrel after having hit a six-month high above $116 a barrel on Friday following reports that the Trump administration may consider strikes against Iran after the November 3 mid-term elections. WTI crude futures plummeted 2.5 percent to $100.73 a barrel.
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