India, July 17 -- Crude oil prices increased on Thursday as fresh tension brewing in the Middle East generated demand, while a drop in US inventories was seen as reflecting robust summer demand.
Today, WTI Crude Oil closed surged $1.16 to settle at $67.54 per barrel.
September month Brent Crude contract was last seen trading up by $0.80 to $69.32 per barrel.
Focused on signing favorable trade deals with US trading partners by pressuring them with tariffs, US President Donald Trump announced a spate of high tariffs over the past several days to major economic powers. Trump today optimistically stated that agreements with India and Europe are soon to happen.
Countries are sharpening their approach in getting a deal done soon, as the Augus...