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Market move▼ Bearish for Oil India
Oil holds near $98 as traders weigh stalled US-Iran talks and Gulf supply
The brief
- Brent was near $98 a barrel after rising about 14% in September
- Investors monitored stalled US-Iran peace talks and signs of a West Asia oil recovery
- Higher crude prices could pressure Indian Oil, refiners and fuel-sensitive sectors
- Foreign Investors Pull $3.2 Billion From Indian Markets as Oil Rally Returns - Crude Oil Prices Today
- Foreign investors sell $2.1 billion of Indian equities as oil prices surge
- India urged to strengthen domestic oil exploration for energy security