CRUDE OIL AND STOCK MARKET
As we all know India is importing 82.8% crude oil and 45.3% for natural gas/LNG. The net foreign exchange outgo is 63.305 billion US$. India is exchanging this oil with dollars. crude prices will get affected by dollar VS Indian Rupee prices. crude oil prices are basically decided with the help of 3 major oil fields NYSE crude prices, Brent crude prices, and WTI crude prices I ndian rate will be decided based upon Brent crude prices. it means Brent oil fields show the rate and location of Europe, Africa, middle east. Organization of the Petroleum Exporting Countries (OPEC) also have control over crude oil prices. rate of crude oil is very less and very high this both are harmful rate above $70 / barrel is also not good. because more than 75 % of business is alway s dependent on this crude oil prices and if crude oil prices will get increased too much or decreased too much will affect both sides of the economies one who is importing and simultaneously...