WorldPingFuel retailers are experiencing substantial losses per litre on petrol and diesel, as international crude oil prices have recently surpassed one hundred dollars a barrel. India relies on imports for over eighty-eight percent of its crude oil consumption.
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The price of crude oil hit a seven-week high after the U.S. said it blew up five more Iranian oil tankers, triggering retaliation from Tehran.
Brief by WorldPing · Original reporting by CBS News
Benchmark Brent crude hits $100, shaking markets and fuelling concerns over rising inflation pressures worldwide.
Brief by WorldPing · Original reporting by Al Jazeera
The yield on the U.S. 2-year Treasury note added 2 basis points early Wednesday, as oil hovered above the $100 mark.
Brief by WorldPing · Original reporting by CNBC World
Markets reacted after the U.S.military reported striking five Iranian tankers in response to attempted missile attacks on a Navy warship and after attacks by an Iranian-backed Houthi rebel group ignited fires at oil facilities in Saudi Arabia…
Brief by WorldPing · Original reporting by The Hindu
WorldPingBrent crude - the global benchmark for prices - rises after the US hit five Iranian tankers on Tuesday…
Brief by WorldPing · Original reporting by BBC News
WorldPingThere is mounting concern over the impact of intensifying hostilities in the Middle East on the global economy, as oil prices topped $100 a barrel again.
Brief by WorldPing · Original reporting by Sky News
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