Crude has been making a seminal difference to the Indian economy, both in terms of the subsidy burden and weight of the WPI. But, there are many questions that surround the crude. Where is crude headed? How is crude likely to go from hereon? Does it settle back above that USD 90 per barrel mark as 90 was a strong support level? Will it climb even further?
To reply to all these queries on crude, resources analyst David Lennox at Fat Prophet talks to CNBC-TV18. He explained, "We don
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