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Market move▼ Bearish for Indian equities
Oil rises slightly as market weighs mixed supply signals
The brief
- Oil prices edged higher as China halted fuel exports and US military involvement in the Middle East rose
- Higher crude prices can pressure Indian oil marketing companies and airlines
- The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz
- Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reports
- Nayara says fuel supplies continue across 7,000-plus outlets
- Nobody is allowed to cap fuel sales: Petroleum Secretary
- The latest oil-price shock rippling through the economy is a refining crisis — not a crude crisis