OPINION: Crude oil markets' roaring frenzy is abating on weaker fundamentals

New Delhi: After riding a bullish wave that lifted Dated Brent to $137.64/b on March 8, international crude oil pricesalthough very volatile, succumbed to recession fears and mounting inflationary pressures, compounded by the rise in global food prices, raising concerns about macroeconomic growth worldwide.

However, ongoing supply risks continued to have a positive impact on oil prices given the ongoing war between Russia and Ukraine. Tensions between China and Taiwan escalated after the US House of Representatives spokesman Nancy…

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