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Why Crude Oil Price Jumped Nearly 12% in One Day – Key Reasons Explained

Crude oil prices witnessed an extraordinary surge this week as global markets reacted to rising geopolitical tensions and supply concerns. Benchmark crude prices such as WTI and Brent crude moved sharply higher, while MCX crude oil in India surged from around ₹7300 levels to nearly ₹8200 in a single trading session. Such a massive move … Read more

Why Crude Oil Did Not Fall Even Though India Is Buying Oil From Russia – Explained

Crude oil prices recently surged sharply in global markets, surprising many observers. One common question being asked is why crude oil prices are still rising even though countries like India are importing large quantities of oil from Russia at discounted prices. Many people assume that if oil supply is available and major buyers such as … Read more