Geopolitics apart, stable and low crude oil prices will benefit
Interview with senior oil analyst at S&P Global Platts
Brent for May down 59 cents, or 1.1% at $50.37 a barrel, WTI sheds 53 cents, or 1.1% at $47.71
The recent surge in oil prices comes on the back of OPEC decision to cut oil production for the first time in eight years
The trading sentiment dampened in futures trade after oil prices extended their decline in Asia today
Speculators engaged in creating speculative positions, taking positive cues from Asian markets
Even as prices seem to have stabilised in the range of $40-$50 a barrel, there are enough drivers to swing the oil benchmarks further in either direction
Speculators widened their bets, taking positive cues from the Asian markets
Risks of current account deficit, inflation increase
Outcome of the assembly polls in five states will be the key factor in addition to Q4 earnings and April WPI
Speculators widened their bets even as prices dipped in the global market
Oil prices jumped 6 percent on Friday, heading for the largest weekly gain in a month
The Opposition which accused the govt of not passing on the benefits of falling crude prices to the consumers.
Speculators cut down their bets in line with a weak trend in Asian trade