Oil prices remain near four-month highs as markets weigh Russia sanctions impact
1. Oil prices are near four-month highs despite a slight slip. 2. Sanctions on Russian oil drive Chinese and Indian buyers to find new suppliers.
FAQ
Why Bullish?
Increased demand from China and India may support higher oil prices.
How important is it?
Sanctions and buyer shifts directly impact BNO due to its oil market connections.
Why Short Term?
Current market conditions favor immediate price reactions; longer-term trends can vary.