After Noon Report By Best Commodity Tips Provider, Mentha Oil Prices Also Saw A Sharp Increase On Monday. Crude Oil Is Fast. Global Benchmark Brent Crude Has Risen By 0.30 Percent To Close To $ 57.5. The Price Of American Crude Oil I.E. WTI Crude Has Remained Nearly Half The Barrel Of $ 48.50 A Barrel. The Impact Of The Fear Of Falling Stores In The US Has Also Been Influenced By Prices. However, There Is A Weakness In Crude Oil In The Domestic Market Today.
On The Commodity Exchange MCX, January Futures Prices Of Crude Oil Fell By One Percent To Around Rs 3408. There Are Several Reasons For The Rise In Crude Oil In The Overseas Market. The Talks Between The US And China Are Going On. It Is Expected That The Trade War Between The Two Countries Could Be Reduced. This Will Increase The Growth Of The Global Economy. If This Happens Oil Demand Will Increase.
According To Best Commodity Tips Provider, Apart From This, The Impact Of Declaration Of Production Reduction On The Part Of Opaque OPEC, Which Is Producing Crude Oil, Is Beginning To Appear On Crude Oil. Rajiv Singh, CEO Of Karvy Stock Broking, Says That Crude Oil Prices Have Dropped By About 35 Percent From The Upper Level Of 4 Years.
On October 2, The Price Of The Global Market Reached Its Height At $ 86.70 A Barrel. Brent Crude Prices Are Estimated To Be Between $ 50 And $ 55 A Barrel In April 2019.
