Seth R Freeman of GlassRatner Advisory notes India’s role in stabilizing oil prices by purchasing discounted Russian oil amidst tariff announcements. He anticipates continued market volatility due to labor market adjustments, tariffs, and political news, especially with low summer trading volumes. An expected increase in global oil supply may further pressure prices, potentially leading to a price decline.
Oil prices may face further pressure amid OPEC+ supply glut: Seth R Freeman
by ET Markets | August 4, 2025 11:00 am | Indian Stocks, Market, News