Oil markets showed little reaction to Donald Trump’s claim that India would cease buying Russian oil. Experts cite skepticism due to a lack of official comment from India and ongoing trade talks. Market focus remains on economic factors and expectations of a crude oil glut.
IndiGo, SpiceJet shares rally up to 4% as crude oil prices fall below pre-war levels after 46% crash
Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel