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Crude oil prices are unlikely to fall to $70 per barrel in 2026, according to a report by Union Bank of India.
Union Bank of India forecasts crude oil prices to stay in the $80–85 range through 2026.
KEY POINTS
- Kotak Securities warns Brent crude could spike to $130–140 if West Asia conflict continues.
- Supply disruptions from West Asia threaten 8–10% of global oil and 15–20% of gas output.
- UBI projects India's GDP growth could slow to 6.5% if oil stabilizes at $90 per barrel.
- A weaker rupee is intensifying India's economic stress by raising import costs and tightening liquidity.
COMPANIES
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