Crude Oil Price down Fears of Recession

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The impact of recession anxiety has begun to be seen in the Crude Oil Price.

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The price of US benchmark crude oil price dropped below $100 per barrel the day before.

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The demand for petroleum-based goods may decrease as a result of the economic recession

As a result, the price of crude oil has decreased. [{ "selector": ".gpmdu-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-346px)", "opacity": 1}, {"offset": 1, "transform": "translateX(0)", "opacity": 1} ] }, { "selector": ".neibt-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 42px))", "opacity": 1}, {"offset": 1, "transform": "translateX(0)", "opacity": 1} ] }, { "selector": ".jxibk-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".qfzut-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 575px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }, { "selector": ".odesq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

By the end of this year, crude oil prices, according to foreign brokerage firm Citi, may drop below $65 per barrel.

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In India, a litre of gasoline costs between Rs. 96 and Rs. 111

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if crude oil prices fall in the upcoming days, customers will be forced to purchase Less costlier fuel.

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