Oil Prices Rebound After Trump Claims India Will Curb Russian Oil Imports

Oil prices recovered slightly in early Asian trade on Thursday after a steep drop that pushed WTI and Brent to five-month lows the day before. The rebound was fueled by renewed optimism over U.S. pressure on India to curb its imports of Russian crude, which could tighten arbitrage flows and compress margins for buyers. At the time of writing, West Texas Intermediate for November delivery was trading 0.91% higher at $58.80 per barrel. Meanwhile, Brent December futures were up 0.89% at $62.46 per barrel. T ...