India, Nov. 2 -- Oil prices tumbled on Monday as investors weighed reports of continued talks between Iranian and Qatari officials aimed at ending the U.S.-Israeli war on Iran against fears of renewed U.S. military action against Iran.
Brent crude futures slumped more than 4 percent to $108.80 a barrel while WTI crude futures were down 4.2 percent at $99.71.
Ongoing discussions involving Iranian officials and Qatari mediators have raised hopes of possible breakthrough that could ease supply concerns and improve the outlook for global energy markets.
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