INSUBCONTINENT EXCLUSIVE:
ongoing tensions between Russia and Ukraine, which pose a risk to the global oil supply.West Texas Intermediate (WTI) for May fell by 0.40%
to $81.62 per barrel, and Brent for June dropped by 0.52% to $85.63 per barrel.These movements were noted on their respective exchanges:
Nymex and ICE.Analysts from Citi highlighted a possible rise in Brent to $90 in the near term, facing resistance at $95, a peak not seen
(Photo Internet reproduction)They see a chance for prices to edge between $88 and $90 if the upward trend persists into the second
quarter.Goldman Sachs reported that Ukrainian strikes on Russian energy infrastructure halved production, potentially taking weeks to
restore.City Index notes elevated oil prices post-spike, with attention on potential supply disruptions.The market is also anticipating the
PCE inflation data this week.Alef Dias highlighted the U.S
policies could face jeopardy
Geopolitical tensions and distant policy decisions can sway prices and investor strategies.
