India, Aug. 22 -- Crude oil prices rose modestly on Friday as expectations of a Russia-Ukraine peace deal waned with no new announcement from either Russia or Ukraine or the US, which is fighting hard to end the war.
WTI Crude Oil for October delivery was last seen trading up by $0.13 (or 0.20%) at $63.65 per barrel.
Weeks before, the US had warned Russia to stop its war with Ukraine or face sanctions on its billion-dollar oil exports. As the second largest oil exporter in the world - shipping about 7.25 million barrels per day in June - the loss of Russian oil supply due to sanctions could alter the supply chain and create market havoc.
However, to give diplomacy a full chance, US President Donald Trump had a meeting with Russian Presid...