← Top stories
Market move▲ Bullish for Indian equities
Oil prices settle down 2.5% on signs Middle East exports recovering
The brief
- Oil prices settled down 2.5% as Middle East exports showed signs of recovering
- Cheaper crude can support margins for Indian oil marketing companies
- Nifty slides to six-month low as US-Iran deal hopes fade, oil tops $100 a barrel
- Indian refiners buy costly West Asian barrels as Russian supply narrows
- Brent Stays Elevated Even As Saudi Arabia's East-West Pipeline Resumes Oil Exports
- Oil prices fall after Iran asks U.S. to return to failed memorandum of understanding from June
- Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually