India, Aug. 19 -- Crude oil declined on Tuesday, with the peace push by the US President to end the three-year-plus Russia-Ukraine conflict raising expectations of the long-drawn-out war coming to an end and Russia being allowed to trade freely.
WTI Crude Oil for September delivery was last seen trading down by $1.07 (or 1.69%) at $62.35 per barrel at 13:30 CT.
To end the Russia-Ukraine war, US President Donald Trump previously threatened Russia to end the war or face sanctions on its oil exports along with "penalty sanctions" on countries buying oil from Russia; notably India and China. He even announced levying a 25% "penalty tariff" on India.
Simultaneously, Trump stepped up measures to bring the leaders of the warring nations to the ...