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Sensex 77,027.91 -1.51% ↓ Nifty 23,922 -1.40% ↓ 22k Gold ₹ 14,970/gm Silver ₹ 2,90,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 Crude Oil $ 90.41 USD ₹ 91.99
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Crude spikes again; Brent crosses $125
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Crude oil
Every time crude drops it seems to get tremendous support to rally again. Dropping from yesterday's low of $122 per barrel, Brent crude has again breached the $125 per barrel mark.

Improving data from the US and strong opening in Europe saw crude rallying once again past the $125 mark. Analysts believe that sharp hike in crude prices could easily derail economic prospects around the globe, since crude has a tendency to increase inflation.

The ongoing Iran nuclear crisis and long term solutions to it, can ensure crude prices cool off.

GoodReturns.in

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Story first published: Thursday, March 8, 2012, 14:55 [IST]
See More On: crude, iran, europe
Other articles published on Mar 8, 2012

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