Brent commands a war premium as Middle East supply risks keep oil on edge
Brent crude is trading above $100 a barrel as geopolitical tensions and supply risks in the Middle East sustain its premium over WTI. For India, prolonged price strength, higher shipping costs and a stronger US dollar could raise the oil import bill and intensify pressure on domestic fuel prices.
The Bharath News1 min readSource: ET Markets
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Brent crude is trading above $100 a barrel as geopolitical tensions and supply risks in the Middle East sustain its premium over WTI. For India, prolonged price strength, higher shipping costs and a stronger US dollar could raise the oil import bill and intensify pressure on domestic fuel prices.
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