Rising Crude Oil Prices: What is at stake for India and the way ahead

Hyderabad: Global crude oil prices touched their highest level in the last six months. The Brent crude from the North Sea and West Texas Intermediate (WTI) from the United States of America-the two internationally preferred standards by the global investors to track the crude oil prices across the world, touched USD 74.70 and USD 66.10 respectively, on 23rd April 2019. The trigger of this fresh round of rally in the crude oil prices is the decision of President Donald Trump to end the waivers that allow countries to import oil from Iran.