USA Crude Oil Rate: Thanksgiving Day is being celebrated in America and before this, there has been a movement in the prices of crude oil since this morning. A decline in crude oil prices has been seen in America this morning and after this the estimates regarding crude oil prices are seen changing suddenly. You can know here why there is concern about crude oil prices in America in the future.
Crude oil reserves in America were expected to decrease on Thanksgiving.
Global market experts had predicted that crude oil stocks in America would be less on the occasion of Thanksgiving because more seasonal and festive demand would be seen. However, this did not happen and currently the demand in America has decreased. Due to this, crude oil has become cheaper in USA and this can be a cause of trouble. In fact, demand has decreased in oil consuming countries like America and China and the news of OPEC+ countries considering possible fuel cut in January is important.
At what level are the oil prices at present?
At present, a mixed trend is being seen in the price of crude oil in the global market. At present, Brent crude is available at the rate of $ 73.24 per barrel, although the price of West Texas Intermediate i.e. WTI crude is below $ 70 per barrel. WTI crude is available at the rate of $ 69.11 per barrel.
What is the impact of crude oil prices in India?
Even though the prices of crude oil are coming down in the American markets, a good effect of the fall in the prices of crude oil can be seen in India. Whenever the rates of crude oil come down in the international market, the price of vehicle fuel (petrol- There is a hope of diesel rates becoming cheaper. However, nothing is being said regarding this from the Petroleum Ministry at present. If we look at the prices of petrol and diesel in India, they have remained the same for a long time.
What are the prices of petrol and diesel in Delhi?
The latest rate of petrol in Delhi remains at Rs 94.77 per liter and it has remained the same for a long time.
The rate of diesel in Delhi remains at Rs 87.57 per liter and there has been no change in it for a long time.
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