Crude oil price up to $380?; Will fuel prices quadruple in India? |JP Morgan Report| |Crude Oil Price| |Petrol Diesel Price| |Economic Crisis| |Manorama News| |Manorama Online News| |Malayalam News| |Malayalam Manorama|

by time news

Crude oil prices have fallen significantly in the international market for several weeks. But this fall in prices is not a consolation for petrol and diesel prices. International financial institutions warn that this low oil price is the most obvious sign that the global economy is going into a major recession. At the same time, JP Morgan made a prediction the other day that if the oil price catches up, it will go to unattainable heights. JP Morgan said in a report released yesterday that the crude price may rise to 380 dollars per barrel. Whether crude prices are falling or crude prices are rising, economic institutions are releasing recession-type assessments in the form of various reports. Can we expect at least a little reduction in our oil costs with the current low prices? Will sanctions imposed by the United States and European countries lead Russia to a strategy of cutting production and raising prices on the global market? If this happens, will JP Morgan’s prediction come true? Will petrol and diesel prices quadruple then? However, crude oil prices are now the most important international economic index.

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