Long-term picture of oil very positive: experts
Expert Surjit Bhalla says that the current oil prices are reflecting the supply, which has been forthcoming, adding that the US was now a net exporter of oil. Therefore, the long-term picture on oil was very positive. Abheek Barua, chief economist, HDFC Bank, says the global demand situation is moderating at a pace not anticipated earlier. He says there was a lot of froth that had built up in oil prices.
