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Oil dives $20 to below $90/bbl in record intraday reversal as Trump signals possible end to war.


Date: 10-03-2026
Subject: Oil dives $20 to below $90/bbl in record intraday reversal as Trump signals possible end to war
In a major relief, crude oil prices tumbled more than $20 per barrel from their intraday peak to slip below $90 a barrel on Tuesday. The decline followed comments from U.S. President Donald Trump suggesting that the war involving Iran could end very soon.

The reversal from Monday’s intraday high of $119.50 per barrel marked the steepest fall from an intraday peak to the closing price for Brent crude.

Source Name : Economic Times



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