Mumbai, June 1 -- WTI crude oil prices renewed momentum near $99 mark on Monday morning in Asia amid lack of clarity on war front. As per reports, both sides exchanged proposals seeking revisions to a draft deal that would prolong the ceasefire and reopen the Strait of Hormuz, though it remained unclear whether meaningful progress had been achieved. The counter is up around 3% this morning and quoting at $89.79 per barrel. Brent is also up almost 2.5% to be trading at $93.27 per barrel.
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