The decline in crude oil has
increased. Domestic crude oil prices have plummeted by Rs 3,000. In
fact the last 4 months and Brent crude in the international market
WTI have come to the 6-month low. Iran supplied the pressure on
prices is projected to grow. Indeed Iran is waiting just recessive
economic ban. The rupee has fallen strongly in the domestic market of
crude.
Decreased demand for crude oil
as well as in China, while China is the second largest consumer of
crude oil in the world. Last month, crude has fallen 15 per cent.The
record levels in July, OPEC's crude production that has also
dominated the weakness.
Trading Tips : Sell MCX Crude
oil 3010 targets 2985, 2960 stop loss 3037.
Seed Newsvine
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