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Oil touching the three-figure mark has been a fly in the ointment for Indian policymakers since a long time, but for Dalal Street, it is a particularly potent harbinger of ill omen.
Monday’s magical win was closely followed by campus madness.
Australian motorists are being advised to fill-up their tanks outside major capitals as petrol prices rise ahead of the Easter long weekend.
The move has brought concerns around inflationary pressures back to the fore, adding to worries that higher prices and an aggressive monetary tightening by central banks could tip the global economy into recession.
Oil surged at the week's open after OPEC+ unexpectedly announced crude output cuts that threaten to tighten the market, delivering a fresh inflationary jolt to the world economy and irking the White House.