WTI Oil Price Plummets 9.94% After Trump's Statement

WTI oil price fell 9.94% after US President Donald Trump announced a five-day postponement of attacks on Iran's energy infrastructure. Trump also reported on 'productive talks' between the US and Iran to resolve hostilities.

Intermediate Texas oil (WTI) plummeted 9.94% this Monday to $88.47 per barrel after US President Donald Trump announced that his country would postpone for five days attacks against Iran's energy infrastructure. At 9:00 local time (13:00 GMT), WTI futures were down $9.76 after Trump announced 'productive talks' between the United States and Iran to resolve hostilities.

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