Crude oil price


  • Crude oil price is expected to give a major boost the Indian economy.
  • We are expecting the oil price to hover around $37 per barrel by end of current fiscal year.
  • As Saudi Arabia and Russia are fighting over market share pushed the oil price to below $30/barrel.
  • Amid of fighting over market share, weak global demand has been causing inventory build-up in the system.
  • Recently, OPEC countries had reached an agreement on production cut, however, this agreement unlikely to exist for a long.
  • Saudi Arabia has been offering higher discount rate to its Asian customers.