India, July 21 -- Crude oil shed incrementally on Monday, remaining range-bound amid the high-demand summer season, tariff concerns, and rising supply concerns though EU sanctions on Russia were shrugged off at least for now.

Today, the WTI Crude Oil closed down by $0.14 to settle at $67.20 per barrel.

September month Brent Crude contract was last seen trading today, down by $0.11, to $69.17 per barrel.

As countries race up to sign trade deals with the US, US Commerce Secretary said that "nothing stops countries from talking to America after August 1st."

Investors are concerned that heavy tariffs could block international trade and reduce demand for oil and energy.

Last Friday, as a measure of expressing solidarity with Ukraine, the Eu...