US EditionOil Prices Could Slip to $50 a Barrel by June
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4 Articles
Oil Prices Could Slip to $50 a Barrel by June
Oil prices are set to continue their downward trajectory and slid to as low as $50 per barrel Brent by the middle of this year, amid ample supply, according to analysts at India’s SBI Research. “Oil prices in general have remained subdued due to the OPEC+ decision to increase production,” the analysts wrote in a note carried by Fortune India. The Indian basket is expected “to soften in line with expected trends internationally: Our base case i…
Falling Crude Oil Prices To Keep India Inflation Below 3.4% In FY27: Report
Crude oil prices are projected to soften significantly to touch around $50 per barrel (bbl) by June 2026, positively affecting the CPI inflation, keeping it decisively below 3.4 per cent in the next fiscal (FY27), an SBI Research report said.
New Delhi: According to a report by the State Bank of India, global crude oil prices are expected to soften significantly in 2026, and Brent crude prices could fall to around $50 per barrel by June 2026. The report states that, amid rising inventories and softer global trends, the overall outlook for crude oil prices in 2026 is weakening further from current levels. Crude oil prices will soften significantly in 2026 (reaching $50 per barrel by J…
Softening Crude Costs To Preserve India Inflation Decisively Beneath 3.4% In FY27: SBI
New Delhi: Crude oil costs are projected to melt considerably to the touch round USD 50 per barrel (bbl) by June 2026, positively affecting the CPI inflation, holding it decisively under 3.4 per cent within the subsequent fiscal (FY27), an SBI Analysis report mentioned on Monday. Benign vitality costs will influence the GDP outlook favourably, and the anticipated influence on annual GDP development is round 10-15 bps, in keeping with the report…
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