Brent Oil Hits $119 Level! Nomura Says Russian Oil Reprieve for India a Drop in the Ocean
Global energy markets are reeling as Brent crude oil surged to $119 per barrel, its highest level in years, driven by escalating geopolitical tensions and supply disruptions. While India has been importing discounted Russian oil to cushion the blow, analysts at Nomura caution that this reprieve is merely “a drop in the ocean” compared to…