OPINION: Oil price volatility will persist amid a cocktail of bearish-bullish factors

New Delhi: International crude oil Prices are likely to be subject to a downtrend below $100/b amid continued volatility as growing passion among G7 countries to impose a price cap on Russian oil imports, rising interest rates and the risk of a looming global recession mask the impact of an OPEC+ supply cut despite prevailing scarce availability and ongoing geopolitical risks.

Dated Brent prices are expected to trend lower in Q4 (averaging at $90/b) and Q1 2023…

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