Indian oil marketing company (OMC) stocks remained under pressure on Monday as crude oil prices stayed above the key psychological mark of $100 per barrel and hopes of a diplomatic breakthrough in the Iran-Israel-US war remained elusive. With the Strait of Hormuz effectively shut to traffic, investors are increasingly pricing in the risk of prolonged…
Due to the ongoing war in Iran and increasing tension in the Middle East, there is a huge rise in the prices of crude oil. Recently, the price of oil in the global market had reached around $120 per barrel. It is still trading above $100 per barrel. This situation has increased the pressure on…
Taking a major decision, US President Donald Trump has given temporary permission to all countries to buy Russian oil for 30 days. This decision has been taken at a time when there is immense pressure in the global oil market due to the ongoing war in the Middle East and crude oil prices have reached…
