Rising oil prices a key concern for Indian market, says CLSA's Christopher Wood
Updated : May 18, 2018 11:39 AM IST
Brent crude futures hit the highest level since November 2014, touching $80 per barrel, as geopolitical fears induced supply concerns.
Led by Saudi Arabia, the Organisation of the Petroleum Exporting Countries and 10 of its partners including top producer Russia have cut their crude output by a joint 1.8 million barrels a day since January 2017.
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