India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee

OmniFin Portal's take

Excerpt from OilPrice.com: “The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a ”

Rule-based headline sentiment: Neutral