India, May 14 -- Crude oil prices inched higher on Thursday as the Strait of Hormuz remains effectively shut amid a lack of progress in U.S.-Iran peace efforts. With U.S. President Donald Trump in China for a summit meet with Xi Jinping, traders expect Chinese intervention to end the hostilities in the Middle East.
WTI Crude Oil for June month delivery was last seen trading up by $0.29 (or 0.29) at $101.31 per barrel.
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