Quote on Crude oil : Crude oil dips despite robust OPEC demand Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Crude oil By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Global growth slowdown is now almost a certainty. The Euro-Zone, struggling under the grip of an unprecedented energy crisis, is on the verge of a recession. China's property market crisis is deepening. The latest inflation numbers in the US indicate that the Fed has no option but to remain hawkish for some time. With all three global growth engines in slowdown mode, crude demand is unlikely to remain strong enough to support prices at the present level."
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