India, May 11 -- Crude oil prices have surged on Monday after the U.S. rejected Iran's proposal to end the war. In addition, oil prices gained support from reports suggesting a rapid depletion in crude oil inventories due to the U.S.-Iran war.
WTI Crude Oil for June month delivery was last seen trading up by $3.33 (or 3.49%) at $98.75 per barrel.
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