India, July 27 -- Crude oil prices have gone into a tailspin on Monday, extending the losses from Friday's plunge after the U.S. halted nearly two weeks of military attacks against Iran following which near-term oil supply-disruption concerns reduced.
WTI Crude Oil for September month delivery was last seen trading down by $7.09 (or 7.94%) at $82.22 per barrel.
The Middle East conflict that erupted after U.S.-Israeli forces attacked Iran on February 28 led to the closure of the Strait of Hormuz by Iran.
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