Crude oil above $110 could become a “breaking point” for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday​Crude oil above $110 could become a “breaking point” for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday ​Latest News [ SOBAN NEWS: International and National ]