Crude may remain range-bound with a bearish bias in August amid easing geopolitical risks, firm supply: Analysts

New Delhi [India], August 3 (ANI): Crude oil prices are expected to remain range-bound with a bearish bias through August as easing geopolitical risks and improving supply conditions reduce the supply-risk premium, although analysts said developments surrounding the Strait of Hormuz and diplomatic negotiations between the United States and Iran will continue to dictate short-term market movements.