India, Aug. 14 -- Crude oil jumped on Thursday ahead of a crucial meeting between the US and Russian presidents tomorrow in Alaska to discuss ways to end the Russia-Ukraine war. Today's rise halts a two-day decline by oil prices.
WTI Crude Oil for September delivery was last seen trading up by $1.32 (or 2.11%) at $63.97 per barrel.
US President Donald Trump and Russian President Vladimir Putin are set to meet tomorrow in Alaska to discuss ending the ongoing three-plus-year war between Russia and Ukraine.
Trump had earlier served an ultimatum to Russia to stop the war in 10-12 days or face severe sanctions and also warned that countries buying oil from Russia would be tariffed higher. He even imposed 25% "penalty" tariffs on India, a majo...