The Fall of Crude Increased, which will Beneficial Companies
Continued weakness in crude oil. On Nymex WTI crude has come down to $ 355. Also Brent crude has fallen to $ 38. Crude oil slipped 0.5 per cent in the domestic market has come down to Rs 2,400.
CapitalStars Chairman & Experts said that the advantage of the decline in crude oil marketing companies will be more. However, if oil prices fall further, then there could be a slowdown in the dependent countries. While the crude oil prices will depend on demand and supply. The decline in crude oil may rise to issues of ONGC and Cairn India.
CapitalStars Chairman & Experts in Equity Reasarch says that long-term crude oil price of 60-75 dollars per barrel can be. Much of the decline in crude oil refining companies will benefit. Our Experts believes that the decline in crude oil prices so far is far from over, adding that such purchases may be Reliance Industries. Reliance Industries in the third quarter and fourth quarter will do better.
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