India Boosts Russian Oil Purchases Amid Sanctions

India continues to purchase Russian oil despite ongoing sanctions imposed by Western nations. This sustained buying activity reflects a shift in global energy dynamics, where India is leveraging the price differentials created by sanctions to secure cheaper energy supplies. The Russian economy remains exposed to fluctuations in oil prices, as continued demand from India helps stabilize its export revenues. Traders will be particularly focused on upcoming OPEC+ meetings, which could influence global oil supply levels and affect the pricing dynamics in the market.

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