India, April 8 -- After showing a strong move to the upside early in the session, the price of crude oil once again came under pressure over the course of the trading day on Tuesday.
Crude for May delivery tumbled $1.12 or 1.9 percent to $59.58 a barrel after jumping as much as 1.7 percent to a high of $61.75 a barrel in early trading.
The price of crude oil extended the nosedive seen over the two previous sessions, plunging to its lowest level since April 2021.
Crude oil initially benefitted from optimism about negotiations on President Donald Trump's new tariffs that could help avoid a global trade war.
Treasury Secretary Scott Bessent said approximately 70 countries have approached the White House about trade talks, with Japan purpor...