Gas company shares saw a rise on Tuesday. This followed US President Donald Trump’s statement that the war with Iran could end soon. This eased concerns about prolonged supply issues. Earlier, tensions had caused a significant drop in stock prices. Supply shortages had begun to emerge in several Indian cities. Following the remarks, crude oil prices plunged sharply.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned