Svmuu News: US President Donald Trump stated in a telephone interview that the (Iran) war is basically over. Affected by this news, oil prices fell by $14 in a short period. During the Asian trading session, WTI crude oil rose by up to 30%, reaching a high of $119.5 per barrel. However, after Trump hinted that the war had ended during the US trading session, WTI crude oil fell to $81.7 per barrel, a drop of 11%.
Coinglass data shows that CL crude oil contracts were liquidated by $29.21 million in the past hour.
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Oil prices plummet, with nearly $30 million in CL crude oil contracts liquidated in the past hour
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