A high oil price is not only going to impact industries like paints, chemicals, textiles, aviation that are directly dependent on oil and its derivatives, but it may also lead to higher inflation and shrinkage of demand.
from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-good-idea-to-deploy-halfmoney-nowhalf-later-if-you-have-five-year-viewequity-markets-says-raghvendra-nathladderup-wealth_16166221.html
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