Oil prices climb ~1% after Trump remarks on India’s Russia imports
Oil jumps ~1% after Trump remarks on India’s pledge to stop Russian oil imports, raising supply concerns.
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1 day agoOil prices climb ~1% after Trump remarks on India’s Russia imports
Brent crude prices rose ~1% after U.S. President Donald Trump said Indian Prime Minister Modi pledged to cease buying Russian oil, signaling tightening supply routes. Brent futures went up ~54 cents to $62.45 a barrel, while U.S. WTI rose almost 1%. The comments added momentum to already firm crude, which is being supported by renewed global demand expectations, supply risks, and geopolitical rhetoric. Energy and refining sectors in India are gaining interest as investors reprice exposure to Russia-linked import curtailment.
positive
1 day agoOil prices climb ~1% after Trump remarks on India’s Russia imports
Brent crude prices rose ~1% after U.S. President Donald Trump said Indian Prime Minister Modi pledged to cease buying Russian oil, signaling tightening supply routes. Brent futures went up ~54 cents to $62.45 a barrel, while U.S. WTI rose almost 1%. The comments added momentum to already firm crude, which is being supported by renewed global demand expectations, supply risks, and geopolitical rhetoric. Energy and refining sectors in India are gaining interest as investors reprice exposure to Russia-linked import curtailment.
positive
Oil prices climb ~1% after Trump remarks on India’s Russia imports
1 day ago
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Oil jumps ~1% after Trump remarks on India’s pledge to stop Russian oil imports, raising supply concerns.
Brent crude prices rose ~1% after U.S. President Donald Trump said Indian Prime Minister Modi pledged to cease buying Russian oil, signaling tightening supply routes. Brent futures went up ~54 cents to $62.45 a barrel, while U.S. WTI rose almost 1%. The comments added momentum to already firm crude, which is being supported by renewed global demand expectations, supply risks, and geopolitical rhetoric. Energy and refining sectors in India are gaining interest as investors reprice exposure to Russia-linked import curtailment.
Brent crude prices rose ~1% after U.S. President Donald Trump said Indian Prime Minister Modi pledged to cease buying Russian oil, signaling tightening supply routes. Brent futures went up ~54 cents to $62.45 a barrel, while U.S. WTI rose almost 1%. The comments added momentum to already firm crude, which is being supported by renewed global demand expectations, supply risks, and geopolitical rhetoric. Energy and refining sectors in India are gaining interest as investors reprice exposure to Russia-linked import curtailment.
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Oct 16, 2025 • 09:18 IST