India, April 28 -- After rebounding from last Wednesday's slump over the two previous sessions, the price of crude oil showed a significant move back to the downside during trading on Monday.
Crude for June delivery tumbled $0.97 or 1.5 percent to $62.05 a barrel after rising $0.23 or 0.4 percent to $63.02 a barrel last Friday.
The sharp pullback by the price of crude oil came amid ongoing concerns about demand due to lingering uncertainty about potential trade deals.
Treasury Secretary Scott Bessent told ABC News' "This Week" on Sunday he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.
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