India, June 18 -- After hitting a nearly five-month high, crude oil price held steady on Wednesday as President Donald Trump hinted that Iran reached out for potential dialogue. Possibilities of an easing of conflict softened earlier price gains.
WTI Crude Oil for July delivery rose by $0.30 to settle at $75.15 per barrel. This is the highest price for crude since January.
August Brent Crude was last seen up by $0.10 to $76.55.
The Israel-Iran conflict, which began with Israeli airstrikes on June 12th, entered the sixth straight day with casualties increasing on both sides.
Trump has stated that he has encouraged Israeli PM Benjamin Netanyahu to "keep going" with his attacks and that Iran made a mistake by not reaching a nuclear deal wi...