A US Official tells Fox Business that Indian refiners have reportedly bought about 60 million barrels of Russian oil for April delivery
Context
The news of Indian refiners purchasing a substantial amount of Russian oil signals a potential shift in energy sourcing amidst ongoing geopolitical tensions. This move could influence global oil supplies and prices, raising implications for the USD and affecting commodity currencies as markets digest the geopolitical dynamics.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#INDIA#JAPAN#JPY#RUSSIAN FEDERATION#UNITED KINGDOM#GBP#ASIA#EUROPE#GEOPOLITICAL#FOREX#ENERGY#METALS#EU SESSION#US SESSION#WTI#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)#DXY#ENERGY & POWER