Top Indian Refiner Sees Oil Prices Stabilizing in the $65-70 Range

Top Indian Refiner Sees Oil Prices Stabilizing in the $65-70 Range

State-owned Indian Oil Corporation, the biggest refiner in India, expects international crude oil prices to stabilize in the $65 to $70 per barrel range for the rest of the fiscal year, with potential dips below $65 a barrel, IndianOil chairman AS Sahney told the NDTV Profit outlet on Monday. “There is still some room for it to go downwards. What I see is very much near to $65, plus or minus one or two dollars, is the right place where we will b…