Oil prices are set to continue their downward trajectory and slid to as low as $50 per barrel Brent by the middle of this year, amid ample supply, according to analysts at India’s SBI Research. “Oil prices in general have remained subdued due to the OPEC+ decision to increase production,” the analysts wrote in a note carried by Fortune India. The Indian basket is expected “to soften in line with expected trends internationally: Our base case is $50 per barrel... or even lower by June 2026,” the analysts…
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