Latest Indian basket of crude oil News & Updates

New Delhi, June 26 (IANS) Global crude oil prices fell sharply on Friday and were on track to post steep weekly losses as easing supply concerns in the Strait of Hormuz outweighed fresh geopolitical tensions following an attack on a cargo vessel near Oman.International oil benchmark Brent crude futures fell $1.51 or 2 per cent, to $73.75 a barrel in early trade.Similarly, US West Texas Intermediate (WTI) crude declined $1.50 or about 2 per cent to $70.42 a barrel.Both benchmark contracts had gai…