Global crude oil prices have seen a massive decline after months of uncertainty and sharp volatility caused by geopolitical tensions in the Middle East. The recent peace agreement between the United States and Iran has helped ease supply concerns, leading to a sharp fall in oil prices.
Oil Forecast
Crude Oil Prices Fall After 6% Rally Amid US-Iran War: What’s Next for Oil Market?
MCX crude oil prices were trading 0.69% lower at ₹9,985 per barrel. Here’s what’s weighing on crude oil prices, along with its near-term outlook.