India, April 17 -- Snapping two days of gains, crude oil went into a tailspin on Friday after Iran reopened the Strait of Hormuz, a critical sea-route through which 20% of the world's oil transit takes place, thereby easing supply-related concerns.
WTI Crude Oil for May month delivery was last seen trading down by $11.17 (or 10.58%) at $84.11 per barrel.
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