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Market move▼ Bearish for Indian equities
Oil prices settle slightly higher on supply worries as Trump rejects Iran proposal
The brief
- Oil prices settled slightly higher amid supply worries after Trump rejected Iran’s proposal
- Higher crude prices can pressure Indian oil marketing companies and raise fuel costs
- Cheaper at pumps, costlier in bulk: Jio-bp, Nayara cap diesel sales; PSUs may follow: Report
- India has ‘insulated' itself from the 'turbulence' of crude supply shock: Hardeep Singh Puri
- Brent Stays Elevated Even As Saudi Arabia's East-West Pipeline Resumes Oil Exports
- India explores greater UAE role in LPG and LNG supplies
- How a U.S. diesel export ban would play out, according to Goldman Sachs