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#BeyondHeadlines: There are not-so-obvious global reasons why the #OilMarketCrash is NOT good for #India.
Heavy #QE/ currency pressure + Intense #geopolitical tension
= #India, importer & friend to all oil producers, in the crosshairs.
Thread on these impacts of #OilPrice 👇
Heavy #QE/ currency pressure + Intense #geopolitical tension
= #India, importer & friend to all oil producers, in the crosshairs.
Thread on these impacts of #OilPrice 👇
US #oilprice crashed negative for the 1st time in history. West Texas Intermediate (a US crude) traded as low as -$40.32 a barrel. So far the bulk of the losses are in US crude, -200 to -1000%! Global (Brent) crude has not gone down as much because global storage still exists.
