India, Oct. 15 -- Brent crude is trading near $104 a barrel on Thursday, down about 2% on the day after closing at $106.06 on Wednesday. The decline follows a volatile few weeks in which prices swung sharply on geopolitical developments. The latest pullback comes as markets weigh the possibility of easing US sanctions on certain oil tankers against ongoing supply risks in the Middle East. With crude prices remaining elevated, the key question is whether the decline will continue and how movements in oil prices could affect the rupee, inflation, India's import bill and domestic equities.

Brent Gives Back Wednesday's Gains Brent futures have fallen about $2 from Wednesday's close, wiping out the previous session's small rise of roughly 0....