WTI crude oil prices have dropped below $88 per barrel after Donald Trump told reporters that the U.S. is currently talking with the “right people” in Iran, adding that Iran has agreed it will never develop nuclear weapons.
Since its all-time high of $119.48 per barrel, WTI crude is now down more than 26%. Meanwhile, Brent Crude Oil prices have also fallen and are now trading below $100 per barrel.