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Market move▲ Bullish for Indian equities
Oil Price Today (September 24): Crude oil falls to $102 as Iran signals its openness to diplomacy. What are experts saying?
The brief
- Brent fell 94 cents, or 0.9%, to $102.13 a barrel; WTI declined 59 cents, or 0.7%, to $91.56
- Lower crude can ease input costs for Indian oil marketing companies and airlines
- 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
- Global Market: VLCC rates hit record as Saudi crude flows jump
- Puri warns West Asia crisis could escalate; says India does not need refinery investment
- Oil rises as Iran threat to widen war dims hopes of Strait of Hormuz deal