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Crude oil prices plunged on Monday (6.2.17)

On Monday, closing crude values have plunged as ample U.S. supplies and excess speculative length balanced OPEC output curbs and rising tensions between the United States and Iran.WTI on NYME closed at $53.01/bbl, prices have decreased by $0.53/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.84/bbl in compared to last trading and was assessed around $55.72/bbl.