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The Economic Times

Economy / The Economic Times

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Ten reasons oil is still below $100 a barrel

Global oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand destruction and increased production from other regions also contribute. Refineries show greater flexibility in processing and output. The market is also influenced by improved information flow and strategic reserve releases.

11 Jun 2026 10:45 am