India’s three state-run oil marketing companies (OMCs) face a renewed squeeze on fuel marketing margins, LPG under-recoveries and working capital as crude prices remain above $100 a barrel, even after a sharp pullback on Friday. Brent crude futures fell $3.28, or 3.05%, to $104.35 a barrel at 1309 GMT on Friday, while US West Texas Intermediate declined $3.41, or 3.33%, to $99.07. Both benchmarks touched their highest levels since mid-May earlier in the session, while Brent remained on course for a weekly gain of more than 8%.