India, July 15 -- Crude oil prices have ticked lower on Wednesday after U.S. Energy Information Administration data on crude oil inventories indicated weaker-than-expected demand.
Further, ignoring the threat in U.S. President Donald Trump's call for Iran to seal a deal or face destruction, traders optimistically sensed a scope for negotiations. Supply concerns due to the closure of shipping traffic across the Strait of Hormuz limited the fall.
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