India, June 16 -- Extending three consecutive sessions of losses, crude oil prices were in freefall on Tuesday with transit disruption concerns fading due to an imminent U.S.-Iran deal. In addition, reports hinting that U.S. has allowed Iran to sell its oil once the deal is signed brought in excess supply concerns, pushing oil prices further down.
WTI Crude Oil for July month delivery was last seen trading down by $4.90 (or 6.07%) at $75.85 per barrel.
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