Oil rises 16% YTD on Middle-East crisis: How will the fresh spike impact India and world markets—Explained

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Oil rises 16% YTD on Middle-East crisis: How will the fresh spike impact India and world markets—Explained Economists say that even amid high international crude oil prices, India should be able to keep its import bills for crude oil under check in the near-term, due to the decent supply from the Russian crude oil imports.
 
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