Comment by OgsyedIE

It's important to clarify that these are the trading prices at the main oil futures exchange in London. The spot prices in the landing hubs like Gujarat, Odisha and Singapore are significantly higher.

If you or your firm handles trucking or mining or tractors or something like buses, stock up on additives where the vast majority of production (like brake fluid, AdBlue (DEF) and gear oil) is Asian now before they get even more expensive. To give a sense of perspective, I've seen prices for transmission fluid and antifreeze almost double month-on-month in England where I am.