Long-term picture of oil very positive: experts

  • 17:09
  • Published On: June 22, 2012
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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.

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