Saudi slashes crude oil price by $11 per barrel

Saudi slashes crude oil price by $11 per barrel. This steep cut in benchmark prices could significantly lower India's import bill, as $11/barrel translates to substantial savings. Cheaper crude may ease inflation and boost fiscal space. Lower refining costs could benefit downstream sectors and the broader economy.

📊 STOCKS: | 🏢 SECTOR: Energy | #HIGHIMPACT #CrudeOil