Cheaper crude boosts outlook for Indian refiners
pre-market1 source ↓written by the desknot a recommendation
- retreating
- $72 per barrel
- in June
- $99
India's refiners are set to benefit from crude prices retreating to $72 per barrel, down from $99 in June. The reopening of the Strait of Hormuz enhances supply options, while Russia's discounts and Iran's market re-entry are expected to strengthen buyers' bargaining power. This shift may improve margins for refiners processing high-cost crude.
Not investment advice. For informational purposes only.