FirstFT: Oil prices near $100 as renewed supply crunch looms
AI Summary
Oil prices are surging close to $100 per barrel as concerns about a renewed supply crunch intensify, reflecting global market shifts. This rise is significant as it impacts both consumer costs and international trade dynamics. Meanwhile, India's largest private bank faces leadership challenges, while China's injection of $53 billion into its banking and insurance sectors aims to stabilize and bolster the financial system amidst these global economic shifts.
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