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Oil slips from 7-year highs ahead of more U.S.-Iran talks

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Reuters UK

By Emily Chow BEIJING (Reuters) -Oil prices eased on Tuesday ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. Brent crude was last down 40 cents, or 0.15%, at $92.55 a barrel by 0347 GMT, after hitting a seven-year high of $94 on Monday. U.S. West Texas Intermediate crude was down by 1 cent at $91.31 a barrel. Both oil contracts have touched recent seven-year tops, supported by strong global demand, ongoing tensions in Eastern Europe and pote…

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