OPINION: Oil prices remain volatile as geopolitical risks remain

New Delhi: Crude oil prices have risen sharply since then Russia‘s invasion of Ukraine, and other global supply geopolitical risks and recent uncertainty stemming from the EU’s Russian marine insurance ban are expected to fuel even more volatility and keep oil prices elevated amid resilient demand. Dated Brent is expected to average $100-115 a barrel for the rest of the year and the market will remain in a two step forward, one step back cycle.

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