India, May 15 -- Following the pullback seen in the previous session, crude oil futures showed a more substantial move to the downside during trading on Thursday.
Crude for June delivery plunged $1.53 or 2.4 percent to $61.62 a barrel after falling $0.52 or 0.8 percent to $63.15 a barrel during Wednesday's session.
The steep drop by the price of crude oil came after President Donald Trump indicated the U.S. is "very close" to reaching a nuclear deal with Iran.
"We're in very serious negotiations with Iran for long-term peace," Trump said on Thursday in Qatar during his tour of the Middle East.
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Trump's comments come after a top adviser to Iranian Suprem...