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Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens

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Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook andafter a media report said Israel is willing to not strike Iranian oil targets, easing fears of asupply disruption. Brent crude futures LCOc1 fell $3.51, or 4.5%,to $73.95 abarrel at 0911GMT, their lowest since Oct. 2.West ...

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