India, April 10 -- Following the substantial rebound seen over the course of the previous session, the price of crude oil showed a significant move back to the downside during trading on Thursday.
Crude for May delivery has plunged $2.07 or 3.3 percent to $60.28 a barrel, partly offsetting the $2.77 or 4.7 percent spike seen during Wednesday's trading.
While President Donald Trump's announcement of a 90-day pause on new "reciprocal tariffs" on most countries contributed to yesterday's surge, the exclusion of China has led to ongoing concerns about the outlook for demand.
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Trump also announced he is raising the tariff on China to 125 percent due to the "l...