Mumbai, Aug. 8 -- WTI crude oil futures extend slide and is all set for a weekly drop of over 5%. The counter is currently quoting at $63.73 per barrel, amid potential US-Russia talks, raising expectations for a diplomatic end to the war in Ukraine. Possible US-Russia talks regarding the Ukraine conflict have tempered concerns about supply disruptions, which weigh on the WTI price. Meanwhile, the Organization of Petroleum Exporting Countries and allies (OPEC+) met last weekend, agreeing to boost oil production by 547K barrels per day (bps) for September. A bigger-than-expected draw in US crude inventories last week however limited losses in oil prices. The US Energy Information Administration (EIA) Crude Oil Stockpiles report showed crude o...
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