Crude oil seen at $70–80/bbl by May-end; Sunil Singhania flags market relief
Sunil Singhania, Founder, Abakkus Asset Manager, which manages $2.33 billion worth of funds as of February 28, 2026. said easing geopolitical tensions have brought relief to markets, with crude oil prices expected to decline further in the coming weeks.
Reacting to the ceasefire signals, he said, “It’s a big relief… very few mornings in the past few weeks have looked so good,” while cautioning that the situation needs to be tracked as it evolves. He added that the reopening of the Strait of Hormuz and normalisation of oil and gas supply will remain key triggers for markets.
Crude oil seen at $70–80/bbl by May-end; Sunil Singhania flags market relief - CNBC TV18
Sunil Singhania, Founder, Abakkus Asset Manager, said that the near-term gains are likely in rate-sensitive segments, sustained momentum depends on foreign inflows and clarity on global conditions, especially energy supply routes.
Prashant Nair