India, Aug. 29 -- Crude oil prices fell on Friday amid concerns about weaker demand in the US due to the summer travel season ending in a couple of days along with intensifying Russia-Ukraine conflict.
WTI Crude Oil for October delivery was last seen trading, down by $0.60 (or 0.93%) at $64.00 per barrel.
Aiming to gain larger market share, the OPEC+ nations recently agreed to increase crude production by 547,000 barrels per day in September. With the current calendar month ending in two days, oversupply concerns due to the alliance's decision are shooting up.
To bring the three-plus-year Russia-Ukraine war to an end, US President Donald Trump used the threat sanctions against Russia on its oil exports along with secondary sanctions to n...