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Commodities

Indian Oil Corp Bolsters Spot Oil Purchases Amid Middle East Tensions

Guavy AI Editorial Team
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Oil
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Indian Oil Corp has increased its spot oil purchases amid the ongoing Middle East crisis. The company's move comes as global oil prices surge due to escalating tensions in the region.

The price of oil has risen significantly over the past few days, with no signs of abating. As a result, Indian Oil Corp has taken steps to secure its oil supplies by buying more spot oil on the market.

According to the latest data, Indian Oil Corp has boosted its spot oil buys, taking advantage of the rising prices. This move is expected to help the company maintain a stable supply chain despite the volatility in global oil markets.

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