Crude oil futures traded lower on Tuesday morning despite US President Donald Trump demanding compensation from Iran to the families of people killed in the recent conflict between the US and Iran.

Aug 11 : Oil prices rose more than 1 per cent on Tuesday as hopes for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz faded after President Donald Trump demanded…

Brent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. Both benchmarks had jumped more than 5%…