India, Aug. 21 -- Crude oil prices extended the previous day's gains on Thursday, as data points to robust demand in the US amid prevailing uncertainty about a peace deal between Russia and Ukraine.
WTI Crude Oil for October delivery was last seen trading up by $0.88 (or 1.40%) at $63.59 per barrel.
According to the data released by the US EIA crude oil inventories tumbled by 6.0 million barrels last week and gasoline inventories fell by 2.7 million barrels. These numbers suggest an increase in demand.
Amid US a "sanctions threat" on Russian oil exports, Russian President met US President Donald Trump last Friday to negotiate an end to the three-plus-year war with Ukraine.
This past Monday, Trump met with Ukrainian President Volodymyr Z...