Oil prices settled marginally higher on Friday after data showed an overall slowdown in US inflation, helping offset supply concerns as OPEC+ is leaning towards a resumption in production increases.
While oil price spikes are passed on to Indian consumers, the benefit of falling prices are not, according to analysts; petrol prices in India have been cut barely by 1.9% since June 2022 even as oil prices have declined 41% since then ....
Oil markets this week reacted to renewed diplomatic activity, with the Kremlin confirming that a fresh round of peace talks on Ukraine is scheduled for next week, keeping conflict risk in focus ... Prices in Review.
Oil Price Risks Intensify Amid New Geopolitical Realities. Traditionally, oil price forecasting relied heavily on inventory data, production quotas, and macroeconomic indicators ... These geopolitical oil price risks do not exist in a vacuum.
Oil prices edged higher on Thursday as escalating tensions between the US and Iran fuelled concerns over potential supply disruptions in the Middle East....