Crude oil is expected to reach at lower level of 20 dollar per barrel

Crude oil is expected to reach at lower level of 20 dollar per barrel

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There is no any indication of increment of crude oil in international market.From January this year the price of crude oil in International market is down by 33 percent.

Experts and brokers are expecting a further downtrend in the prices of crude oil.

Crude oil is expected to reach at lower level of 20 dollar per barrel

Source

The main reason for reduction in prices is due to the nuclear deal with Iran, increase in inventory, and reduced demand from big importer of crude China.

Previous year, 0n 21st November 2014 the price of crude oil was 76 dollars per barrel. While, this year it reached at the lower level of 40 dollars per barrel.

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