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via livemint.comMarkets

Oil slips after early surge as US-Iran tensions persist, Brent falls 3%

FROM THE WIRE · LIVEMINT.COM

The volatility poses a concern for India as it imports about 90% of its overall crude oil requirements. The import bill in the last fiscal year stood at around $123 billion.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCrude volatility weighs on energy costs and India's trade balance given heavy import dependence.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent fell 3% after an early surge.
  2. 02India imports about 90% of its crude oil requirements.
  3. 03The import bill in the last fiscal year was around $123 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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