Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. Yet as ADB notes in its report – despite this unprecedented supply shock, crude oil prices did not reach levels seen during the 1973 Arab oil embargo or even the 1990 Gulf war, if one were to inflation-adjust the prices.
Related Posts
‘God’ in contact list: CBI uncovers chilling WhatsApp trail in NEET-UG leak probe
In a notable crackdown, the Central Bureau of Investigation detained a paediatrician from Latur and a physics teacher from Pune…
Do France have the most terrific World Cup attack of all time?
On Day 20 of the World Cup, France continued to march in the World Cup like Napolean through Europe. Norway…
‘I thought he was only trying to scare me’: Youth in the line of pellet gun fire at CJP protest
A 25-year-old CJP protester, Irshad Shaikh, who was allegedly hit by pellet gun fire during the ‘Sansad Chalo’ march, recalled…