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Oil Prices Spike Amid Russia Invasion Threat, What Does It Mean For India?
Posted
February 21, 2022
Views
147
February 21, 2022
147
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7:34Now PlayingInflation could fly past the 9.7% mark from January to 10%, making the cost of living in America even worse. A new analysis by RSM arrives at such a conclusion given the increasing oil prices, which have crossed the line of $90 a barrel, amid the political tension between Russia and Ukraine. As oil prices jump to an 8-year high amid fear over the Russian invasion in Ukraine. Ajay Bagga, Chairman of Elyments Platforms Pvt Ltd and Market Expert explains what this means for India. He explains the inflationary impact on India. Russia is one of the biggest producers of Crude oil, and the status can lead to a sharp spike of more than $100 and beyond. Watch!
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