After surging early in the day, crude oil prices have tumbled over the course of the trading session on Thursday. With the downturn, crude oil is extending the losses from the two previous sessions, as investors watch the developments in U.S.-Iran peace talks.
WTI Crude Oil for July month delivery was last seen trading down by $1.41 (or 1.43%) at $96.85 per barrel after spiking by as much as 4.5 percent to a high of $102.66 per barrel.
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Market Analysis
Crude Oil Slumps As Markets Turn Optimistic On U.S.-Iran Peace Talks
2026-05-21 18:41:30
