India, May 13 -- Partially offsetting the gains from the two previous sessions, crude oil prices have pulled back on Wednesday as the upcoming negotiations between the presidents of the U.S. and China have increased expectations of an end to the U.S.-Iran standoff despite OPEC and IEA oil forecast reports warning of a supply-demand mismatch.
WTI Crude Oil for June month delivery was last seen trading down by $1.04 (or 1.02%) at $101.14 per barrel.
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