neutral
Recently
Global Oil Prices Ease as US Inventories Rise and India Diversifies Supply
No Image
Oil prices eased below $89/barrel amid rising US inventories and India’s diversified imports, providing relief for energy importers.
Brent crude prices fell below $89 per barrel on October 25, reversing last week’s gains as US inventories rose and India diversified sourcing away from Russian oil. Energy analysts attribute the mild decline to stable demand forecasts and increased refinery activity. The moderation in prices provides relief for import-dependent nations and strengthens India’s short-term energy security outlook.