India, July 30 -- Marginally offsetting the gains from yesterday's jump, crude oil prices have fallen on Thursday as ongoing talks between Iran and Oman over the Strait of Hormuz management induced positivity on the resumption of the free flow of gulf oil. In addition, investors resorted to profit-taking from the 7% gains made in the previous trading session.
WTI Crude Oil for September month delivery was last seen trading down by $0.65 (or 0.77%) at $83.81 per barrel.
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