WTI crude oil is nearing $60, while Brent is in the mid-$60s, influenced by expectations of an oil glut in early Q4, potentially lowering inflation and boosting consumer spending. India’s dramatic increase in Russian crude purchases to 35-36% is a significant shift. The Ukrainian peace deal is unlikely to be done quickly, and the Trump-Putin summit’s implications are still unfolding.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets