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Crude Drops 4% on Iran News Just as Dallas Fed Signals Oil Rebound

Oil prices fell sharply and US stock markets rose on news of a potential Iran peace plan proposed by President Trump, even as the Dallas Fed reported a major rebound in US oilfield activity and Iranian officials rejected the proposal. A sharp rebound in U.S. oilfield activity is colliding with a sudden geopolitical shock, as the latest Dallas Fed Energy Survey shows energy firms swinging back into expansion just as crude prices plunge roughly 4% on headlines that President Donald ... [2340 chars]

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