Global crude oil prices continued to rise by two per cent over the last month responding an increase in geo-political tensions, even as physical markets turned less tight. Brent crude prices had breached the $90/barrel mark during the period in a response to what appeared to be a build-up of tensions between Israel and Iran. According to a report by ICICI Bank Research, Brent may hit $95/barrel-mark in the near-term over geopolitical uncertainties.
On balance, the bank expects a broadly balanced…
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