India, June 24 -- Oil prices plunged to their lowest levels in more than a week on Tuesday as easing geopolitical tensions lowered risk premiums.

Brent crude futures tumbled 3.6 percent to $67.99 a barrel in European trade, after having fallen more than 8 percent in the previous session.

WTI crude futures were down 3.6 percent at $66.06 in the absence of immediate disruption to global oil supply.

After surging to five-month highs recently on concerns over a broader regional war, oil prices now trade below pre-Iran-Israel conflict levels.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });

The ceasefire agreement between Israel and Iran announced by U.S. President Donald Trump has removed the immediate t...