Crude Oil Cost for Indian Companies Hits Two-Month Low
The cost of crude oil for Indian refiners dropped to $94.5 per barrel on Thursday, marking its lowest level in two months. This decline follows hopes for a resolution to the US-Iran conflict and an exemption for commercial ships passing through the Strait of Hormuz. The Indian crude basket price fell 20.4% in one week, down from $118.7 on October 30.
TOI Business·


