Crude started trading above $105,after fresh news saying even india,china looking for 10% cut in there oil exports.If this stays Crude will touch $108-110 coming week which will send investors to safe heaven like US Dollar ,which will internally resist equity indices from further rally.
US government in an election year will do every think to keep crude oil prices close to $100.If it go against then much hyped US recovery will be effect.Which will decrease Obama's chances for a second term.
US government in an election year will do every think to keep crude oil prices close to $100.If it go against then much hyped US recovery will be effect.Which will decrease Obama's chances for a second term.
0 comments:
Post a Comment