India, Aug. 11 -- Crude oil edged higher on Monday as Russia shrugged off the US deadline to end its war with Ukraine or face sanctions. Focus now shifts to a meeting between the presidents of the US and Russia in Alaska this Friday.
Today, the WTI Crude Oil for September delivery was last seen trading up by $0.17 (or 0.27%) at $64.05 per barrel.
Recently, US President Donald Trump threatened Russia to end its three-plus-year old war with Ukraine or face heavy tariffs on its oil exports along with "secondary sanctions" to countries purchasing oil from Russia.
The deadline expired last Friday, with Russia being mute to the sanction threats.
Notably, as a "penalty tariff," Trump levied a 25% additional duty on India, a major purchaser of ...