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VERIFIEDMint Markets·positive
OMCs get a breather from cooling oil prices, but the coast is not all clear
AI Summary
- ·Indian oil marketing companies (OMCs) are experiencing relief due to the approaching resolution of the West Asia conflict.
- ·Brent crude prices have fallen below $80 per barrel.
- ·There is optimism for a financial rebound in the OMC sector.