Crude price update by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Crude price update by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
same line Petrol & Diesel prices are hitting the highs on daily basis. In India capital Delhi petrol touched the high of ₹92.05 and in Mumbai touched the high of ₹98.36.
Brent crude up by 131% in the last 1 year, as international market activities are back to pre covid levels and the demand for the crude has increased significantly. We expect in the coming few months crude will stabilize as crude production increases on seeing higher demand.
As per the US department of energy they retain the Brent oil price forecast at $62.3 per barrel.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
