Brent oil near $100 raises inflation concerns for India
after close1 source ↓written by the desknot a recommendation
- prices are nearing
- $100 per barrel
- in July
- $75.6
- in April
- $114.5
Brent crude prices are nearing $100 per barrel, raising concerns about India's inflation and current account deficit. Experts suggest that while the immediate impact is significant, a sustained rally above this level is unlikely. India's crude oil basket price dropped to $75.6 in July from $114.5 in April, highlighting vulnerability to global price fluctuations.
Not investment advice. For informational purposes only.