Oil back below $40 as Iran dashes hopes for quick deal on output

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Oil back below $40 as Iran dashes hopes for quick deal on output

Oil back below $40 as Iran dashes hopes for quick deal on output
LONDON (Reuters) - Oil fell around 3 percent on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment over a supply glut that has sent prices crashing.

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