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Oil tumbles 2%, briefly enters bear market, after Trump grants Iran sanctions waivers [CNBC]

COMCAST (CMCSA)  More Company Research Source: CNBC
Last comcast earnings: 10/25 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
PDF show chapters Oil prices tumbled more than 2 percent on Tuesday, briefly entering a bear market, after the United States took measures to allow some of Iran's biggest customers to continue importing its oil without running afoul U.S. sanctions against the Islamic Republic. The sanctions waivers have further eased concerns that the oil market will swing into a deficit of crude supplies. Expectations for weaker-than-anticipated global economic growth amid a continuing U.S.-China trade dispute and currency weakness in emerging markets is also raising questions about demand for oil. International Brent crude oil futures were down $1.66, or 2.3 percent, at $71.51 a barrel, after breaking a five-day losing streak on Monday. U.S. West Texas Intermediate crude dropped $1.55, or 2.5 percent, to $61.55 a barrel by 12:05 p.m. ET. At the session low, WTI touched $61.31, falling more than 20 percent from last month's nearly four-year high level of $76.90. [Read more]

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