Partially offsetting the gains from five consecutive sessions, crude oil prices have plunged on Friday as investors opted to book profits made from the recent trades. While U.S. President Donald Trump threatened to intensify attacks on Iran, investors analyzed the impact of a likely output increase by the Organization of Petroleum Exporting Countries.
WTI Crude Oil for September month delivery was last seen trading down by $2.99 (or 3.24%) at $89.20 per barrel.
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Market Analysis
Crude Oil Plummets Amid OPEC’s Decision To Increase Output, Profit Taking
2026-07-24 18:44:22
