Brent Crude

Showing posts with label Brent Crude. Show all posts
Showing posts with label Brent Crude. Show all posts

Friday 28 November 2014

Petrol, Diesel Prices May Go Down Below Rupees 60 - Why


Petrol, Diesel Prices May Go Down Further - why 

Crude oil prices fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Members of the Organization of the Petroleum Exporting Countries (OPEC), which account for nearly 40 per cent of global oil output, met on Thursday to decide whether to cut production, after oil prices dropped over 30 per cent in just six months.