Resources | VOL. 15, ISSUE 94, January-February 2016

Falling Oil Prices and India

Currently the oil market sentiment is depressive, as the world economy has seen a decline of crude oil prices by 75 per cent (Investing, 2016) and has settled at 29.42 USD in The New York Mercantile Exchange (NYMEX) for the first time in 12 years (Puko, & Kantchev, 2016). This means that the crude prices have dropped lower than during the financial crisis in 2008-2009. Basically the decline in crude prices can be narrowed down to a simple demand supply...

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