Oil price rise to negatively impact OMCs
  • WebDesk BTVI
  • Apr 09 2019

In view of the rise in crude oil prices, Sudeep Anand from IDBI Capital says the price should range between $60-$80/ barrel in the next two years. He adds that the price rise will have a negative impact on OMCs valuation, but adds that OMCs won’t have to dole out subsidies till it hits $85/barrel.