Oil Prices Plunge On Hopes For US-Iran War De-escalation Oil prices tumbled on Wednesday as hopes grew for a de-escalation in the Iran conflict. Benchmark Brent crude futures plummeted 5.4 percent to $94.81 a barrel while WTI crude futures for May delivery were down 5.1 percent at $87.67. Subscribe to continue reading the article. This article is part of our premium content offering.Subscribe with a RTTNews subscription. Subscribe Now For comments and feedback contact: editorial@rttnews.com Slide Shows USANewsHub! Important - subscribe!