Energy policy expert Narendra Taneja expects stability to return within 7 to 10 days, as he predicts the US and Israel would likely call for diplomatic negotiations after their objectives are met.
Brent, the global benchmark responsible for influencing two-thirds of the world's oil, witnessed a 3.76 per cent increase, reaching a notable USD 87.76 per barrel.
New Delhi [India], March 3 (ANI): Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries, led by the United States, created supply and trade disruptions.
Mumbai (Maharashtra) [India], February 14 (ANI): The Indian stock markets key indices Sensex and Nifty tumbled more than 3 per cent on Monday as crude oil prices surged to a seven-year high in the international markets amid intensifying tensions between the United States and Russia over U
Mumbai (Maharashtra) [India], February 14 (ANI): The Indian stock markets key indices Sensex and Nifty tumbled more than 2 per cent on Monday as crude oil prices surged to a seven-year high in the international markets amid intensifying tensions between Ukraine and Russia.
Seoul [South Korea], November 24 (ANI/Xinhua): South Korea's import value surged last month on expensive crude oil, central bank data showed Wednesday.