Crude oil prices on MCX crash 9% to below₹10,000/bbl on US-Iran war ceasefire. What's near-term outlook?

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Crude oil prices on Multi Commodity Exchange (MCX) fell as much as 6% to ₹10,029 per barrel on Wednesday. In the international market, too, oil dipped below $100. Here's the near-term outlook for crude oil prices amid de-escalation in the US-Iran war.