The Down trend in Crude oil is unstoppable right now. International and
Domestic crude oil prices have dipped to a low of around 20 weeks. On
Wednesday Crude Oil price have touched a low of $ 44.83 dollars per
barrel in the overseas market which is lowest level since March 18.
In-spite of this down trend in Crude in International market selling
pressure took place in Domestic market also. On MCX, Crude oil has got
the level of 2873 Rs. per barrel.
MCX Crude Oil Trend
Although US Crude Oil stocks decreased
but in stock of gasoline has a rise which is used as a fuel in US. The
US Energy Department said US gasoline stocks increased $ 8.11 million
barrels in last week.
3 comments:
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