Crude Oil Likely To Hit $80/bbl Mark In 2018

The crude which was trading around $50/bbl at the beginning of the year 2017 climbed to $68/bbl in the first week of January 2018, resulting in a rally of over 20 percent in the crude oil prices in the last one year.
Higher oil prices do pose a concern for fuel importing countries like India which would have an adverse impact on the economy as well as companies which used crude as part of the raw material in their product.
The rally which started in the crude oil price may not be over yet. Most experts tracking the commodity sees it heading towards $80-90/bbl in the next two years. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774