A moderation in global oil prices is expected to help rein in India's oil subsidy bill, or the cash compensation the government offers to state-run firms for cheaper fuel sales, and ease inflationary woes. Brent crude was 22 cents lower at $103.52, having briefly moved into positive territory. It fell to as low as $98.74 earlier in the session, touching its lowest since Feb. 8. U.S. crude was down 94 cents at $80.37.
Custom Search
No comments:
Post a Comment