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    ETMarkets weekend podcast: Where are crude oil prices headed

    Synopsis

    In last six months, crude prices have soared nearly 40 per cent and are hovering around $70 per barrel at present.

    Oil-Refinery---Think-StockThinkStock Photos
    When crude prices go up, fuel prices go up too.
    Hi there

    I am Saloni Goel and this is our special weekend podcast from ETMarkets.com.

    When crude prices go up, fuel prices go up too.

    Diesel prices have flared up to a new record in the recent past while petrol, kerosene and jet fuel prices continue to rise in the country in line with the surge in global crude oil prices.

    In last six months, crude prices have soared nearly 40 per cent and are hovering around $70 per barrel at present.

    OPEC agreed to lower production in 2017 and has agreed to maintain output cuts for the whole of 2018 to help bring oil stocks in OECD industrialised countries down to their 5-year average.

    We have Prathamesh Mallya, Chief Analyst-non-agri commodities currencies at Angel Commodities Broking with us to share his views on how crude are going to behave in 2018 and which factors are going to give direction the commodity:

    Byte 1: Prathmesh Mallya

    We also have Tarun Satsangi, Head-Commodity and Forex Research at Globe Capital to share his views:

    Over to you Mr Satsangi

    Byte 2: Tarun Satsangi

    That’s all for today. Do come back for our special weekend podcast next Saturday and check out our daily market podcasts every morning and evening only on www.ETmarkets.com.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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