Crude oil has come down sharply. Brent’s price slipped below $ 82, approximately below 6% from 4 year’s upper level. In the US the crude oil reserve increased nearly 97 Lakh barrel. While global economic growth affected due to expensive crude oil. in this situation, the demand for Crude Oil may decrease. It is expected that the production of crude oil will increase in the US which may also lead to rising crude oil price.
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