Crude oil prices have tumbled on Tuesday after an initial surge due to concerns of a prolonged Middle East crisis. Prices reversed course following reports of Qatar and Pakistan pushing for a deal between the U.S. and Iran that meets the demands of both nations.
WTI Crude Oil for November delivery was last seen trading down by $1.76 (or 1.82%) at $101.84 per barrel.
Prices of crude oil as well as gasoline and diesel have continued to increase over the past few days, with the ongoing gulf war showing no sign of a let-up.
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Market Analysis
Crude Oil Slumps Amid Reports Of Possible U.S.-Iran Deal
2026-10-20 18:36:22
