Crude price will come down.

Updated: 12th April 2005
 
Though the world markets prices will increase Indian government will not transfer in a huge way to the Indian consumer. At the most there will be Rs. 6 to Rs. 8 increase. After the month of June 30 the prices will stabilize. Next is that prices of crude will reach higher levels. It can even touch 60 dollars also before the month of June or very close. New peak will be reached.

Updated on: 20th October 2004

"Someone asked me when crude prices were hovering to 48 dollars. What is the future of crude price? I told, it will reach 50 dollars a barrel in American markets. Now the crude will rise to 52 dollars. OPEC (Organisation of Petroleum Exporting Countries) is trying Saudi Arabia, but Lord Saturn whose power is more than the mind of the mortal will retrograde back into Mithuna from November 6.

Following is the predictions. (Remember this is Mahalaya month. Elders month) Crude will shoot into 54 dollars/ barrel within the next one month or 60 days. It may still go further up. Prices of various commodities connected to Petroleum will also rise. Indian oil companies will touch record high in valuation. Indian government will be forced to increase prices of petrol.

Plastic and CDs prices will also shoot up."

Crude price will come down.

The price of crude will fluctuate till November 6 and from then on it will start settling down. Oil will go well below $50 a barrel before the end of December 15.

Courtesy: Gopalakrishnan