WTI crude oil took a back foot on Tuesday morning in Asia and descended under $90 per barrel mark following a massive spike to nearly $120 per barrel in the previous session. Oil prices trimmed their gains after US President Donald Trump said he plans to waive oil-related sanctions and predicted the war with Iran would be resolved “very soon,” as he faces mounting economic and political pressures following days of sharp volatility in Oil markets. The counter is currently quoting at $88.35 per barrel, down 6% on the day.