India, Aug. 5 -- Extending the losses from the two previous sessions, crude oil prices have inched lower on Wednesday, with disappearing geopolitical risk premium following the U.S. reassurance on the reopening of Strait of Hormuz and a deal with Iran continuing to boost market sentiment.
WTI Crude Oil for September month delivery was last seen trading down by $0.49 (or 0.65%) at $75.28 per barrel.
The Middle East crisis that began following the attacks on Iran by U.S.-Israeli forces on February 28 kept pushing crude oil prices up north day by day.
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