Explained: Why oil prices fell below zero
Crude Oil Price: On Monday, WTI crude price hit minus $40, which means the seller should pay the buyer. Is that as illogical as it seems? A look at what led to the crash, and what it means for India and the world.
US oil hits freak negative, but Indian fuel prices may not fall
The Indian basket comprises Sour grade (Oman and Dubai average) and Sweet grade (Brent dated) crude oil in a 76:24 ratio.
OMCs use crude price drops to make up for fall in demand
Experts say OMCs are making up for inventory losses and reductions in refining margins.
US crude rout fallout: Sensex falls 1,011 points amid global sell-off
The rupee also ended 29 paise lower at 76.83 per dollar against Monday’s close of 76.54.
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