Surge in crude oil prices not only increases the burden on retail fuel consumers in India but also presents the Narendra Modi-led central govt with a dilemma over whether or not to intervene
US crude inventories fell by 1 million barrels last week to 428 million barrels
For many investors, it's all about backwardation. As oil supplies have tightened, near-term contracts have become pricier than later-dated ones
CAD may be a minor problem; only excise duty cut to impact govt revenue