In an exclusive interaction with Timesnownews.com, top global oil expert Peter McGuire, CEO of Trading.com,
has said he expects the West Asia conflict to ease ahead of the 250th July 4th U.S. Independence Day celebrations and oil prices to ease in a month from now.
Currently the oil market has been volatile and uncertain due to the West Asia war resulting in inflation and reducing purchasing power for consumers.
Oil supply concerns have impacted the entire world since the start of the war. The disruption has kept governments, businesses, and consumers on the edge worldwide. Speaking about Prime Minister Modi's appeal to reduce fuel consumption, Peter McGuire, CEO of Trading.com, Australia said that he is unsure if Prime Minister Modi's appeal will result in behavioural change.
Global crude rates have spiked 40% since the West Asia War began and have impacted fuel prices, inflation and the global economy. Higher fuel rates will raise transportation costs and the price of daily essentials and will add to inflation concerns for individuals, their household budgets and economies.
GetLatest NewsLive on Times Now along with Breaking News and Top Headlines fromBusiness,Economyand around theWorld.
Sakshi Bajaj is a seasoned Associate Editor with over 15 years of experience in broadcast journalism. She has anchored, scripted, produced shows and w...View More
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
