Economic TimesLean R·
Oil seen averaging at $105/b in June, July
New Delhi: Crude oil prices are expected to average $105 per barrel in June and July, assuming the Strait of Hormuz remains largely closed in the near term and global oil inventories continue to decline, according to the latest outlook from the US Energy Information Administration (EIA).International benchmark Brent was trading around $93 per barrel on Wednesday despite an exchange of strikes between the US and Iran. Brent has remained highly volatile this week as the US, Israel and Iran traded…
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