India, Sept. 11 -- Giving back ground after soaring in recent sessions, crude oil prices have tumbled on Friday amid expectations of a possible reopening of the Strait of Hormuz after reports indicated a possible meeting between Iran and the members of the Gulf Cooperation Council in the coming week to defuse the gulf crisis.
In addition, traders resorted to booking profits from the more-than-10% gains made from this week's trading sessions.
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