what is the price of Brent crude oil?

what is the price of Brent crude oil?

what is the price of Brent crude oil?

Corona havoc: Brent Crude oil reaches $ 23 a barrel, a 17-year low!

कच्चा तेल,indian oil

what is the price of Brent crude oil?

The coronavirus outbreak is increasing continuously around the world. Due to the havoc of Corona and the ongoing price war between Russia and Saudi Arabia, crude oil has reached a 17-year low. Brent crude oil, which matters to India, has reached $ 23 per barrel.

  • Crude oil reached a 17-year low
  • Brent crude price rises to $ 23 a barrel
  • The price war between Russia and Saudi Arabia, Corona is the reason

price of Brent crude oil

Due to the havoc of Corona and the ongoing price war between Russia and Saudi Arabia, crude oil has reached a 17-year low. Brent crude oil, which matters to India, has reached $ 23 per barrel.

Corona’s havoc is growingCorona's havoc is growing

Significantly, the wrathful of coronavirus is increasing all over the world. 199 countries of the world are in the grip of Corona. According to the Worldometer, a total of 7,21,902 people worldwide are infected with corona while 33,965 people have died.

Most worrying is its rapid rise in America. A senior American scientist has even warned that this could lead to the death of 1 to 2 lakh people in America. In the US, more than 1.40 lakh people have been infected with Corona.

Brent crude oil has reached $ 23 per barrel

These shares will make good earnings, invest money keeping in mind the budget
what is the price of Brent crude oil?

Because of this, the stock markets around the world have also collapsed. US West Texas Intermediate crude fell 5.3 percent to $ 20 a barrel. Similarly, London’s Brent crude, which is considered a benchmark for India and other international markets, slipped 6.5 percent to $ 23 a barrel.

The oil market has collapsed since Corona began to wreak havoc in the world and governments began to ban air travel. Demand decreased significantly and production started increasing rapidly as the price war in crude oil started between the two major producers Saudi Arabia and Russia.

What will happen in India

Despite the constantly decreasing prices of crude oil, there is no pressure to reduce the prices of oil in front of the Indian government. After the breakdown of oil prices, the government had increased the excise duty. Now the situation of lockdown is there, in such a situation, petroleum is also being used only on a limited level in the transportation operations, but there is no kind of public pressure in front of the government, then it is a chance for the government to improve its earnings.

The study will continue from home even in lockdown

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