Changes in global supply and demand are driving this trend
Production signals and geopolitical developments are being closely watched
Expectations around global economic activity also matter
When demand outlook improves, crude often gains strength
Currency movement plays a role too
A stronger dollar can make oil costlier for importing nations like India
Market sentiment remains cautious
Traders are tracking energy policy signals and stability concerns
For Indian consumers, higher crude can mean pressure on petrol and diesel prices
This may influence travel budgets, logistics costs, and daily expenses
For businesses and investors, rising fuel costs can affect transport, manufacturing, inflation, and overall economic conditions can mean pressure on petrol and diesel prices
For a broader market context, you may also want to read our latest gold price update