Continuing hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $90-to-$100 per barrel in the short to medium term.For India, the price range is a cause of concern as it may .
Continuing hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $90-to-$100 per barrel in the short to medium term.
On Thursday, the equity benchmark Sensex crashed over 2,700 points to hit an intraday low of 54,383.20 after Russian forces attacked Ukraine. Likewise, Nifty also plunged over 800 points to end at 16,247.95.
Rise in the US oil inventories along with assurance of energy supply from Russia doused international crude oil prices on Friday.The price movement comes a day after the Russia-Ukraine war pushed Brent Crude Oil prices to $105 per .