Mumbai, March 16 -- Spikes in crude prices tend to stabilize once disruptions become clearer and strategic reserves or alternative supply routes are activated, according to Anand Shah, chief investment officer-portfolio management services and alternative investment funds at ICICI Prudential Asset Management Co.

Shah said, in an interview with Mint, even during the Russia-Ukraine crisis, crude prices initially surged but eventually moderated as markets adjusted.

He added that apart from geopolitical tensions, key risks for Indian markets include global liquidity conditions, movements in crude oil prices, and the availability of liquefied petroleum gas (LPG) and oil, as rising household energy costs could disrupt consumption momentum. Ed...