Brent crude tumbled over $20 from Monday’s intraday high, falling below $100, while U.S. crude dropped more than 10% to $85.17 a barrel. Prices surged earlier due to supply concerns from the U.S.-Israeli-Iran conflict but later eased after talks between Trump and Putin. Falling oil weighs on upstream firms like ONGC, Oil India, and could pressure India’s trade balance and rupee.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets