india’s crude oil imports

Oil rises over $1 after US dollar weakens to 1-week low; Brent hits $84/bbl ahead of OPEC+ policy verdict

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Oil rises over $1 after US dollar weakens to 1-week low; Brent hits $84/bbl ahead of OPEC+ policy verdict

Crude oil prices rose by more than $1 per barrel on Tuesday, May 28, on the expectations that the Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain the current crude supply curbs, while a weaker US dollar made the commodity more attractive to holders of other currencies. The July contract for global … Read more

Oil prices drop over $1 after US inflation, Fed outlook hurts consumer demand; Brent at $82/bbl

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Oil prices drop over $1 after US inflation, Fed outlook hurts consumer demand; Brent at $82/bbl

Brent crude futures fell by $1.21, or 1.45 per cent, to $82.50 per barrel. US West Texas Intermediate crude (WTI) futures for June, slipped by $1.26, or 1.58 per cent, to $78.54. The more active July contract lost $1.09, or 1.37 per cent, to $78.21. The structure of the Brent contract is weakening in an … Read more