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Fundamental Analysis Posted 1 hour ago

India Shifts to Gulf Oil as Russian Crude Loses Price Edge

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India imported 2.1 million barrels daily from the Persian Gulf in November versus 1.8 million from Russia—a first since Iran tensions disrupted Hormuz flows. The reversal signals Gulf supply recovery and reduced Russian pricing advantage. CAD traders watch crude direction; if sustained, repricing of energy-linked central-bank policy expectations follows the BoC rate-hike signal.
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