Looking at the current rally, it seems like the current price rally is unwarranted and begs for a correction, as demand is not predicted to recover substantially until around the third quarter.

India’s production of oilseeds is too little to provide for the domestic demand and therefore is dependent on imports.

The uncertainty due to Omicron has cast a shadow on oil prices but the bull case for higher oil prices rests on the supply side

Brent crude futures rose $1.44, or 1.7%, to $88.95 a barrel at 0230 GMT, adding to a 1.2% jump in the previous session. The benchmark contract climbed to as much as $89.05, its highest since Oct. 13, 2014.

Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark touched $89.13 a barrel in the last session, its highest since October 2014.

The United States has banned Russian oil imports and Britain said it would phase them out by the end of 2022

Airlines are bracing for their summer schedule at a challenging time – a war is raging between Russia and Ukraine, having already prompted fears of supply disruptions that forced up oil prices. How they manage to adhere to their schedule for the Summer of…

Rather than equities, investors should look to increase their allocations towards safe haven physical assets such as gold and silver, which have historically outperformed equities during periods of uncertainties as well as elevated inflation.