Crude oil prices continued to trade on a muted note as the concerns of weakening global economy remained an overhang. Prices got some support after more-than-expected drop of US crude stockpile and concerns over potential disruptions to oil and gas production caused by a tropical storm in the Gulf of Mexico.
Market concerns heighted and remained escalated over geopolitical risks after Iran crossed the 3.67 per cent limit of uranium enrichment purity. Although the world’s two largest economies have called a trade war truce and resumed talks, President Donald Trump complained China hasn’t met a pledge to buy more American farm goods.
