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India’s crude cost slips below $100 but fuel price cut unlikely

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The fall comes as global prices dropped 5.5% over the week as recession fears overshadowed demand-supply mismatch concerns. But the market remains volatile, with benchmark Brent bouncing back above $100 on Friday as hopes of an early production increase by Saudi Arabia and UAE receded.

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India’s crude cost slips below $100 but fuel price cut unlikely India’s crude cost slips below $100 but fuel price cut unlikely Reviewed by Aamir on 2:41 PM Rating: 5

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