Crude Oil Plunges with Intraday Swing of Over 40%, Trump Says War is Basically Over

BlockBeats News, March 10th, according to Bitget data, U.S. President Trump stated that the Iran war has basically ended. Following this news, crude oil experienced a short-term drop of $14. During the Asian market session, crude oil surged by up to 30%, peaking at $118 per barrel. However, after Trump hinted that the war had ended, the price of oil plummeted to a low of $80.1 per barrel. The intraday swing exceeded 40%, currently trading at $88.32, with a 24-hour decline of 17.82%.