Friday, March 4, 2016

MCX Crude can be expensive by 70% in a year, fuel prices will increase

Global crude prices could go up to $ 55 in the next 12 months. According to a report by UBS since the second half of 2016, crude prices may be recorded. 

It will have a direct impact on the prices of petrol and diesel in the country and is likely to see an increase in prices. Will see a direct impact on inflation. 

Prices will increase by the end of 2016: 

According to the report, short-term crude oil prices to $ 25 per barrel may occur. But in the long term is likely to see a recovery in prices. Balance end of 2016, due to market sentiment, prices of crude could reach $ 55 a barrel. 

According to the report from the second half of 2016, crude oil prices will start to see a recovery. According to the report, Saudi Arabia, Nigeria and African oil exporters to balance their budgets is essential for prices.

MCX CrudeOil Updates

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