scorecardresearch
Monday, October 21, 2024
Support Our Journalism
HomeEconomyIndia closely watching developments but not unduly worried about oil prices

India closely watching developments but not unduly worried about oil prices

Follow Us :
Text Size:

New Delhi, Oct 4 (PTI) The Finance Ministry is closely watching developments in West Asia but is not worried about crude oil prices, government sources said.

The government has tools to deal with volatile crude oil prices, sources said.

India has seen much higher crude oil prices, crude oil prices are still not at those levels, sources said.

Crude oil futures surged as much as 5 per cent in Thursday’s intraday session after US President Joe Biden said his administration would support Israel striking Iran’s oil facilities.

Brent crude for November delivery gained 4.8 per cent to trade at USD 77.44 per barrel. PTI DP DRR

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular