Brent Oil Futures - Apr 25 (LCOJ5)

Real-time derived
Currency in USD
74.32
+0.07(+0.09%)
Real-time Data

Brent Oil Futures Discussions

OPEC scammers are creating fake higher demand vs supply by cutting supply. Thats against trading but is a black marketing. Shame on you OPEC
Exately right
Did you think about the same when oil was trading -17$ last may ?
Opec decides to supply oil based on demand. and demand currently is appropriate to supply. So there is no need for more supply. Demand-supply is in perfect balance and opec will provide more oil based on demand. Rally is driven by huge stimulus and excess dollar liquidity.  Unique problem with india is that it has three sides. Excess taxes from govt, RBI not allowing rupee to appreciate (Thy accumulated $150bn last year) and obviously rising oil prices which they dont have control. oil prices are also not very high either. In sep 2019 oil was at $83 and petrol prices were at Rs.75. So effectively Indian govt and RBI has to take the full blame and not OPEC. Dont point to others for your mistakes
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