India, June 30 -- Partially offsetting the surge from yesterday's session, crude oil prices have plummeted on Tuesday as increasing tanker traffic across the Strait of Hormuz eased supply concerns while investors focused on the U.S.-Iran indirect talks in Qatar.
WTI Crude Oil for August month delivery was last seen trading down by $1.29 (or 1.82%) at $69.46 per barrel.
Last weekend, an exchange of attacks between U.S. and Iranian forces cast doubts on the June 17 Memorandum of Understanding signed between both nations according to which they had agreed to halt their mutual attacks for a 60-day period.
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