Sahil Shurbeen,editor, delhi,www.mcxbab.com
Oil has played havoc for many economies such as Russia and Dubai but it has favored India. Brent crude has this year taken most backers by curiosity with a 45 percent year-to- date (YTD) fall.Platts believes, the necessity commodity is likely to see even lower levels,brent crude is inferable to see a downward slope even in 2015, but unlike 2014, the descent won’t be as dramatic.
Also read: Brent crude price rise over $62 as Asian mkts open strong “It is going to be unduly difficult to argue a case for a similar slump in crude prices in 2015, but we be deprived to see the backdrop as we dominate into the new year. There is no major hope of a recovery in Europe. US is improved but that is an oil-less recovery and emerging markets like China and India will see marginal growth,” adds,a bottoming of face values will be seen in Q2 as it is seasonally a weak quarters mature to maintenance shutdowns.