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via timesofindia.indiatimes.comMarkets

Brent dips below $94 then rebounds to $97.7, lowering crude costs for Indian refiners

FROM THE WIRE · TIMESOFINDIA.INDIATIMES.COM

NEW DELHI: Brent crude prices fell below $94 a barrel late on Wednesday for the first time in two months, before inching up to $97.7 Wednesday evening, as

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralBrent swung widely, and the high volatility affects costs and margins for refiners.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Brent fell below $94 a barrel late Wednesday for the first time in two months.
  2. 02It then rose to $97.7 Wednesday evening.
  3. 03Crude costs for Indian refiners dipped to about $103.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity99.32 USD+0.27%today +1.05%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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