Market move▼ Bearish for Indian equities
Oil remains stuck near $100 a barrel
The brief
- Oil is still near $100 a barrel
- Elevated crude costs pressure Indian oil marketers and benefit upstream producers
- Deepwater gas ceiling rises to $9.89/MMBtu; APM gas cap set at $7
- Trump declines to reveal next move on Iran, says conflict 'won't be long'
- 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