New Delhi, May 13 -- Global crude prices traded on a subdued note on Wednesday morning after rising around 8% over the previous three sessions.

Around 7:50 AM, the July contract of Brent on the Intercontinental Exchange was at $107.08 per barrel, down 0.64% from its previous close. The June contract of West Texas Intermediate fell 0.64% to $101.53 a barrel.

In the previous session alone, prices had risen about 3%. Investors are now awaiting clarity on the prospects of long-term peace in West Asia and an end to the war.

On Tuesday, US President Donald Trump said he does not need China's assistance in ending the war on Iran.

Speaking to reporters before departing for China for a state visit with President Xi Jinping, Trump said: "I don'...