Crude Oil Price down Fears of Recession
The impact of recession anxiety has begun to be seen in the Crude Oil Price.
The price of US benchmark crude oil price dropped below $100 per barrel the day before.
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.
By the end of this year, crude oil prices, according to foreign brokerage firm Citi, may drop below $65 per barrel.
In India, a litre of gasoline costs between Rs. 96 and Rs. 111
if crude oil prices fall in the upcoming days, customers will be forced to purchase Less costlier fuel.