Crude oil price is on upswing after Organization of the Petroleum Exporting Countries (OPEC) kept output quotas unchanged. Back in the home turf, PSU oil companies have been losing significantly on the bourses. The benchmark Sensitive Index lost 0.3% in the morning trade.
However, Praveen Kumar, Senior Consultant, Head-South Asia Oil and Gas Team, FACTS Global Energy feels that significant jump in crude from current levels is unlikely. In an interview to CNBC-TV18, Kumar said,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
