India, Oct. 14 -- Brent crude is trading above $106 a barrel on Wednesday as fears of supply disruption in the Gulf return. Brent futures gained 0.5% to $106.2 a barrel, while US WTI futures advanced 0.6% to $94.7. The rebound comes after a volatile few weeks in which prices swung sharply on geopolitical headlines. This article looks at what is driving the move, whether it can last, and what it means for the rupee, inflation, the import bill and Indian equities.

Brent Rebounds From Its October Low Brent has climbed about 9% from its 6 October low. That session's intraday low was $97.06, and a jump of more than 4% on 8 October started the recovery. Brent closed at $105.69 on Tuesday, down 0.9%, and today's gains recovered most of that f...