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Data● Neutral for Indian equities
US crude oil output rose in July, while petroleum demand declined, EIA says
The brief
- US crude oil production reached 13.95 million barrels per day in July, up from June
- US petroleum demand declined in July, the EIA said
- Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
- 10 Nifty 50 stocks, including Infosys and TCS, posted double-digit losses in September as market sell-off deepens
- CEA warns of looming oil and rate pressures in India’s H2, sees Q2 growth at 7.3%
- FII selling worsens; foreign investors pull out Rs 26,000 crore from Indian equities in three days
- RBI MPC meet: Why your borrowing costs may go up from October