India, June 27 -- Despite the truce in the Middle East, crude oil posted gains on Friday in the wake of the US confirming readiness to sign trade deals with China and multiple other trading partners and indications of strong summer demand in the US.
WTI Crude Oil closed up by $0.28 to settle at $65.52 per barrel today.
August month Brent Crude was last seen trading up $0.18, to $67.91 per barrel today.
Oil prices initially surged on Monday after the US bombed Iranian nuclear sites last weekend but plummeted after the US President Donald Trump announced a ceasefire.
The anxiety about a long-lasting Middle Eastern conflict between Israel and Iran, which could have triggered a major supply crisis, has now faded due to the truce, which has ...