Best of BS Opinion: The future of oil, improving the odds for 5G, and more

Here are the top BS Opinion articles of the day

Oil futures (West Texas Intermediate) dropped below $100 per barrel for the first time since May on Tuesday because of recession fears, but this does not signal a secular change in the direction of oil prices. As the West puts more pressure on Russia, either by capping the price of its oil exports or by cutting Europe’s gas imports, energy prices will stay elevated – and that applies even if the Ukraine war ends in the near future since the West may not be willing to lift sanctions imposed on Russia in a hurry. That leaves India facing several hard