India, July 31 -- Crude oil decreased on Thursday due to concerns of slowing energy demand amid a high-tariff global economy along with the August 1 deadline set by the US President for countries to strike a trade deal with the US about to expire in hours.
Today, WTI Crude Oil for September delivery was last seen trading, down by $0.71 (or 1.01%) to $69.29 per barrel.
Last week, the EU's 18th sanctions package implemented on July 18 against Russia slammed an import ban on all refined products made from Russian crude oil originating from third countries.
Close on the heels of the EU sanctions, US President Donald Trump recently warned Russia to stop its war with Ukraine within 10-12 days (from earlier-announced 50 days) failing which to i...