India, July 15 -- Crude oil price fell modestly on Tuesday as the previously predicted supply-side pressure from Russia due to President Donald Trump's sanctions waned with his 50-day ultimatum.
Today, the WTI Crude Oil for August delivery closed down by $0.46 at $66.52 per barrel.
September month Brent Crude contract was last seen trading today, down by $0.45, to $68.76 per barrel.
The OPEC Monthly Oil Market Report (MOMR) said on Tuesday that the producers pumped 41.559 million barrels per day of crude oil in June, up by 349,000 bpd from May but lower than their planned 411,000 bpd increase.
On Monday, expressing displeasure with Russian President Vladimir Putin's audacity to relentlessly extend the war with Ukraine (that began in Feb...