India, Aug. 27 -- Crude oil surged on Wednesday as investors eyed the developments in Ukraine, with Russia stepping up its military strikes, along with data on US crude inventories.
WTI Crude Oil for October delivery was last seen trading up by $0.83 (or 1.33%) at $64.08 per barrel.
Despite pressure from the US to stop the three-plus-year war with Ukraine, Russia has stepped up its military attacks.
The Russian army has reportedly crossed into Ukraine's Dnipropetrovsk region, intensifying the aggression, al though it is facing severe retaliation from Ukraine.
The peace initiatives taken by US President Donald Trump where he met the leaders of Russia and Ukraine separately has stalled with no adequate cooperation from the Russian side. N...