WTI crude oil drops 4% intraday, now at $93.14 per barrel

Golden Finance reports that on May 7th, WTI crude oil dropped 4% intraday, now at $93.14 per barrel. Brent crude oil fell below $97 per barrel, with an intraday decline of 3.48%. On the news front, the US and Iran reached a consensus on gradually opening the Strait of Hormuz in exchange for easing maritime blockades. (Jin10)

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