Crude Oil prices may fluctuate as polls get nearer. Why crude oil prices Falling? Details inside.

Why crude oil prices Falling

The reason Why crude oil prices Falling are because U.S. crude oil draw out to the year more than 10% lower as optimistic sentiment has taken over due to disturbed market which is surplus from record production above OPEC.
crude oil

Consumers can once again hope for crude oil prices to drop as fuels start to bond with PM Narendra Modi. If fuel price falls, indignantly giving our government enough opportunity to slack people’s cash and expect the cost to rule in third term. Why crude oil prices Falling is cleared from above paragraph.

Will crude oil will further fall

Wc cant clearly say it will fall or not but the sentiments are clear ar we can only predict of its falling. Lets home no more major war news come in.

Wc cant clearly say it will fall or not but the sentiments are clear ar we can only predict of its falling. Lets home no more major war news come in.

Wc cant clearly say it will fall or not but the sentiments are clear ar we can only predict of its falling. Lets home no more major war news come in.

What is current price of crude oil

Rating agency on Tuesday reported that a sleek decline in oil prices since September last year, has jagged up market forces of state-run-fuel retailers.
The return to beneficial point on the back of benchmark crude prices, floating below $80/ barrel as subdued demand outlook, combined with rising production in Libya and Norway, partly offset apprehensions over a wider conflict breaking out in West Asia.

Petrol and Diesel prices have been sealed since May 2022 when the centre reduced excuse duty for the second time to squash the effect of crude purging above $100 per barrel after the Ukraine issue.  Why crude oil prices Falling is a major concerns for many of the investors.

What should retailers hope

The retailers are bumbling between profit and loss with the rise and fall of oil. The only frozen were the pump prices that did not budge even when low oil prices made the sale of petrol and diesel profitable.
Though the retailers made profit between July to September 2023 since October, as of ahead of state elections, they did not cut pump prices, simultaneously to recoup past losses.
The IEA monthly oil report has projected global oil supply growing faster than demand this year, pointing ample supply in the market, whilst the OOEC+ groupings has foresighted a balanced market.

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Thanks !

Thanks for sharing this, you are awesome !