Brent crude oil prices are projected to remain around $75 per barrel for the next few months due to weak demand from China and increased supply from the US and other producing nations. Experts anticipate a bearish trend, with prices potentially dropping further as OPEC+ countries ramp up production. As of November 15, Brent was trading at approximately $71 per barrel, significantly lower than the $90 peak in April amid geopolitical tensions.
Commerce Secretary Sunil Barthwal expressed confidence that US-India trade ties will continue to grow regardless of political changes in the US. He highlighted the increasing economic integration, with bilateral trade exceeding $190 billion and significant growth in both exports and imports between FY20 and FY24.
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