 "Oil, Crude")
As the prices of Brent crude oil, a benchmark for India, consolidate around $70 a barrel, a debate has started over whether it is heading towards $80. Analysts are already turning bullish on crude oil prices with several of them revising their earlier forecasts upwards.
In 2018 so far, Brent prices have risen 3.6 per cent and are quoting at $69.3, while they went up by 14 per cent in 2017.
JP Morgan Global Commodity Research has upgraded its Brent oil price outlook for 2018 from $60 to $66 per barrel. Abhishek Deshpande, JP Morgan's head of oil market
