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Oil Declines With Energy Shares While Yen Weakens on Iran

Oil fell and the yen weakened against the dollar while energy-company shares led the Standard & Poor’s 500 Index lower after Iran and world powers reached an initial deal on limits to the nation’s nuclear program.

West Texas Intermediate crude fell 0.8 percent to $94.09 a barrel, trimming steeper losses from earlier in the day. The S&P 500, which capped a seventh weekly gain Nov. 22, dropped 0.1 percent by 4:40 p.m. in New York as sub-indexes of oil and gas stocks slumped more than 2.5 percent. The Nasdaq Composite Index closed 0.1 percent higher after topping 4,000 for the first time since 2000. Gold pared declines after touching a four-month low. Japan’s currency slid 0.4 percent to 101.65 per dollar.