Oil prices may soften further but Q1 FY27 likely to weigh sharply on profitability for OMCs
New Delhi, June 21 (IANS) Crude oil prices have retreated sharply and are trading near their lowest levels since the onset of the Middle East conflict. According to analysts, if the US-Iran situation progresses positively and full normalcy is restored at the Strait of Hormuz, crude prices may soften further.