India, July 28 -- Extending the losses from two consecutive sessions, crude oil prices have plunged on Tuesday amid rising optimism over a resolution to the U.S.-Iran conflict as both nations continued to pause mutual attacks, easing supply disruption concerns.
WTI Crude Oil for September month delivery was last seen trading down by $3.61 (or 4.37%) at $79.00 per barrel.
The Middle East tension de-escalated over last weekend after U.S. President Donald Trump ordered the U.S. military to halt attacks on Iran.
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