Crude oil futures decline as US extends Iran peace deal deadline

Crude oil futures traded lower on Friday morning after the US extended the deadline for Iran to secure a peace deal by another 10 days. At 9.09 am on Friday, June Brent oil futures were at $100.98, down by 0.89 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $93.63, down by 0.90 per cent. April crude oil futures were trading at ₹8872 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹8999, down by 1.41 per ce...