Brent crude oil prices recorded a new one-month low of $62.79 a barrel last week. Ltd, said, “The more crude oil prices went up, the more speculative positions were created. Further, the improving global economic growth outlook should support higher oil prices. And what about shale oil production—which was expected to permanently put downward pressure on oil prices? Perhaps all we can say of the silver lining of falling oil prices is: This too shall pass.

Source: Mint February 12, 2018 01:52 UTC