InvestorQ : How do you see crude prices panning out going ahead?
Sam Eswaran made post

How do you see crude prices panning out going ahead?

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Moii Chavate answered.
7 days ago
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After a long time, the world oil market is seeing Brent Crude and WTI Crude above $70/bbl. During the week, Brent Crude got close to $73/bbl despite while WTI Crude also crossed the psychological $70/bbl mark. Ironically, while there is a sharp drop in US crude oil stocks, there is a simultaneous but sharp rise in gasoline stocks.

India has a larger concern on this front. If crude goes up higher than from current levels it would impel another series of price hikes in petrol and diesel. That is inevitable considering the limited leeway with the government. This could be inflationary and crude appears headed higher.

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