Crude Oil Nosedives As Optimism On A Peace Deal Persists Despite U.S. Hardening Its Stance

India, May 27 -- Extending the losses from yesterday's session, crude oil prices have gone into freefall on Wednesday as investor expectations on a potential U.S.-Iran agreement continue to rise despite the U.S. refusing to ease its demands.WTI Crude Oil for July month delivery was last seen trading down by $5.05 (or 5.38%) at $88.84 per barrel.The war between the U.S. and Iran entered day number 89 today. Iran sh...

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