Brent crude oil prices are expected to rise to USD 80 per barrel in the coming months as tensions between the United States and Russia threaten to disrupt the global oil supply chain, highlighted oil market experts in conversation with ANI.
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
In April 2024, Brent Crude Oil prices hovered around USD 89.4 per barrel, experiencing a slight ease due to concerns over global demand and a stronger dollar index.
Mumbai (Maharashtra) [India], March 29 (ANI): The Indian equities markets benchmark Sensex rose 164 points on Tuesday, as a nearly 8 per cent drop in Brent Crude oil prices boosted investors' sentiments.
Mumbai (Maharashtra) [India], June 16 (ANI): Brent crude oil prices may test higher levels of USD 78 to 80 and the support may be at USD 68 to 70 level, Emkay Wealth Management said on Wednesday.