New Delhi, June 26 -- Crude oil prices edged slightly higher on Thursday after US President Donald Trump reaffirmed his commitment to maintaining pressure on Iranian oil revenues. The gains were further supported by a sharp drop in US crude inventories, suggesting robust demand in the world's largest economy.

Market sentiment remained cautious amid the fragile ceasefire between Iran and Israel.

Data from the US Energy Information Administration (EIA) showed a significant drawdown of 5.84 million barrels for the week ending June 20-bringing inventories to their lowest seasonal level in 11 years.

At around 0925am (India time), the August Brent crude futures on the Intercontinental Exchange traded at $67.92 per barrel, up 0.35% from the p...