India, May 6 -- Extending the losses from yesterday's session, crude oil prices have went into freefall today after U.S. President Donald Trump indicated the U.S. and Iran may reach a deal soon. In addition, media reports hinted that the U.S. and Iran are readying a one-page Memorandum of Understanding to end the war.
WTI Crude Oil for June month delivery was last seen trading down by $7.83 (or 7.66%) at $94.44 per barrel.
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