New Delhi, Jan. 5 -- : Crude oil prices are expected to decline sharply in 2026, with the Indian crude basket likely to fall to around USD 50 per barrel or even lower by June 2026, according to a latest research note by SBI Research released here on Monday.
The report indicates that the pace of price deceleration could be faster than earlier anticipated, delivering broad-based benefits to India's inflation outlook, currency stability and economic growth.
SBI Research notes that global crude prices have remained subdued despite intermittent geopolitical developments. Even recent geopolitical events, including supply-side tensions, have failed to push prices meaningfully higher.
This reflects a structural shift in the oil market, driven la...