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Oil may stay above pre-conflict levels; OMCs and gas stocks could see further upside: Probal Sen
Geopolitical easing may cool crude oil prices, but a return to pre-conflict levels remains unlikely soon. Experts suggest shipping disruptions and elevated insurance costs will keep prices elevated. While optimism is priced in, uncertainty persists, potentially leading to further volatility. Oil marketing companies may see earnings improve, while upstream firms could benefit from reduced windfall tax risks.
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economictimes.indiatimes.com
Petrol, diesel margins back to above pre-conflict levels: Report
State-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government excise duty cuts have aided this…
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cnbc.com
Oil prices rise as investors continue to watch U.S.-Iran moves, Citi sees 'overhang' disappearing
Oil rises slightly early Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.
