IDBI Capital: Crude Oil Largely Status-Quo
Crude oil leaks from an oil pumping jack in an oil field Russia. (Photographer: Andrey Rudakov/Bloomberg)

IDBI Capital: Crude Oil Largely Status-Quo


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IDBI Capital Report

Crude oil prices continued to fall in the month of October as Europe expands coronavirus lockdowns mainly in France and Germany. The U.S. also faces a surge of cases.

While crude oil demand has picked up from Asian countries and inventory levels are depleting worlwide, risk of higher supplies from couple of OPEC nations and rising rig counts globally raises concern of over-supply.

Brent crude oil price fell 1.5% month-on-month to average $40.5/barrel of oil in October 2020.

Click on the attachment to read the full report:

IDBI Capital Energy Sector Update.pdf


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