Crude Oil Price: There is news of great relief for India. Crude Oil Price has rolled to the lowest levels of 2022. In the wake of the Global Economic Crisis, the price of Brent crude oil has dropped below $80 per barrel due to deteriorating sentiment. The price of Brent Crude Oil is trading at $78.65 per barrel. So the WTI Crude price has dropped to $73.49 per barrel.
Crude oil slips below $80
This is the second time in 2022 that Brent crude oil has slipped below $80 per barrel. There has been a big decline in crude oil due to the possibility of increasing the interest rate of the Federal Reserve and the possibility of a recession. The strict monetary policy of the central banks around the world is also affected. In India, RBI has increased the repo rate for the fifth time due to high inflation. On the other hand, service-sector activity in China has fallen to a 6-month low. So there is a possibility of a major decline in the economic growth rate in European countries due to high energy prices and high debt. Due to all these reasons crude oil is under pressure. In the current year, due to the Russia-Ukraine War, crude oil had reached the level of $139 per barrel. This means the prices have come down from their high to $61 per barrel.
This will help in reducing the financial loss
A fall in crude oil is an auspicious sign for India. Because India imports 80 percent of its crude oil consumption. Where the fall in the prices of crude oil will help in reducing inflation. At the same time, the central government will get help in reducing its financial deficit. This will also prevent the decline in foreign exchange funds.
There may be a reduction in the prices of petrol and diesel
Consumers can get a major benefit from the fall in the prices of crude oil. Government oil companies can reduce the prices of petrol and diesel in the coming days. If the price of diesel decreases, the freight will be cheaper, due to which the effect can be seen in the prices of many items.
Pushpa 2's 'whirlwind' even before its release, Allu Arjun's film created a storm with an OTT deal, made huge earnings
The buzz of Allu Arjun starrer film 'Pushpa: The Rule' (Pushpa 2) has been made. Ever since the teaser of the film was released, the craze for this Pan India star seems to be
Ind vs WI: Hit yourself on the ax! Who is responsible for India's humiliating defeat in the 5th T20? Learn 5 big reasons
Ind vs WI 5th T20 Team India faced a crushing defeat in the five-match T20 series against the West Indies. In the fifth T20 match, West Indies defeated Team India by 8 wickets and won the series 3-2.
Just 3 days before IPL 2024, the Gujarat Titans star created a stir and broke the back of opponents by taking 4 wickets
The countdown for IPL 2024 has started. The 17th season of the Indian Premier League is to start from March 22, before which all the team players have returned to form. The name of Afghanistan's
Ranveer and Deepika arrived with family at Karan Deol- Drisha Acharya's reception, actors look caught the attention
Ranveer Singh- Deepika Padukone Viral Video: Sunny Deol's elder son Karan Deol's marriage has been gathering buzz in Bollywood for the last few days. After the wedding function, a wedding reception
Ajinkya Rahane: IPL 2023 Experienced players are doing wonders this season, not youth, from Ajinkya Rahane to Amit Mishra
IPL 2023 has crossed its half stage. Almost seven league matches have been played for all the teams and now the playoff race is getting tougher in the points table as well. Young players often do
Israel-Hamas War: 27th day of Israel-Hamas war, President Joe Biden calls for humanitarian "pause"
Today is the 27th day of the ongoing war between Israel and Hamas. Till now thousands of people from both sides have lost their lives in this war. Meanwhile, US President Joe Biden said he thinks
Shouting with Sonu Nigam for selfie: Singer and his friends pushed while getting off the stage, case filed against MLA's son
Singer Sonu Nigam was manhandled during a live concert in the Chembur area of Mumbai. The incident took place when he was taking a selfie with Sonu. The allegation has been leveled against the son of
Delhi Air Pollution: Air pollution is not decreasing in Delhi, three of India are among the top 15 polluted cities of the world; Know what everyone's AQI level
AQI Delhi: The amount of pollution in Delhi-NCR is not showing any signs of reduction despite several efforts. At the same time, the air of many other cities of the country is also becoming poisonous.
RBI MPC: Repo rate will remain at 6.5%, the governor said after the MPC meeting, increase in inflation rate for FY24
The repo rate will remain at 6.5 percent, RBI Governor Shaktikanta Das announced after the MPC meeting. He said that the banks are strong. NPA has come down. Corporate balance sheets have
Corona outbreak will remain in China even in the new year, Xi Jinping said – it is difficult to face the new wave
The new year 2023 has started. The whole world is immersed in the celebration of the New Year. But since the beginning of the new year, China is facing new challenges due to the increase in Covid
