whether the demand is less or the production is more. will this price slash be benificial or non benifical either india or gulf. I am confused.please explain.How the crude oil price is going down? ?
They will rise, OPEC has cut production and exports. OPEC severely curtailing supply is seen as one ingredient for a recovery in oil prices, along with a bottoming out of global demand. The market has seen little sign of the latter, with recent economic indicators ranging from US unemployment claims to Chinese imports pointing to a deepening economic downturn.
Supply is less, demand will rise. Hence prices will rise. Evidence to support my arguemnt, look at todays price $38, yesterday it was $36.
As per the law of demand and supply. My prediction is that crude oil will rise.How the crude oil price is going down? ?
I think it will continue to fall even futher maybe to $25 then rise again then reason is even OPEC could cut the output but there is no money to buy oil or to create the demand for now thats why they keep on cuting the output and the oil keeps on falling but once the dust is settled then we could see the comeback of oil posibly to $70 - $ 105 levels but i stand corrected
the price slash is over....it's slowly going back up. Apparently OPEC is slowing oil production so congrats! You get to pay the difference
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