The record
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- Global crude oil prices rose sharply on Wednesday, with Brent crude gaining more than 3% to settle at $94.07 a barrel and US WTI crude rising around 3% to close at $86.83 per barrel.
- The surge came ahead of scheduled updates to fuel rates in major Indian cities.
- This matters because global crude prices influence petrol and diesel rates in India, which are revised periodically.
What to watch next
- Fuel rate updates in major Indian cities following the crude price surge
- Whether Brent and WTI prices continue to rise or stabilise in coming sessions
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Named India · Bengaluru · Chennai · Kolkata · Mumbai · Brent Crude · US West Texas Intermediate
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