Oil prices dropped significantly after reaching three-year highs, as President Trump suggested the Middle East conflict could end soon. This eased fears of prolonged supply disruptions, despite earlier surges driven by war concerns and production cuts. Market analysts anticipate continued volatility in oil prices.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned