Kumari Palany & Co

Saudi Arabia reduces Crude Oil Price!

Posted on: 05/Dec/2014 5:47:03 PM
Saudi Arabia has further reduced the price of crude oil sold to USA & Asian countries.

Saudi Arabia is among the most prominent countries exporting oil in the international market.

It is expected that prices of diesel & petrol will fall further.

With the trend of falling crude oil prices, there has been a fall in the prices of diesel & petrol in Asian countries.

This trend is expected to create fall in the prices of capital trading as well.

However, the trend of fall in crude oil prices is deemed a godsend gift for the developing countries!

Currently, crude oil is sold at $ 26 per barrel.