Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsOpinionOil at $70 could be the new normal

    Oil at $70 could be the new normal

    The market’s belief that oil prices above $60 a barrel would cause an increase in production by shale oil producers does not seem to be working

    Shishir Asthana
    March 10, 2021 / 12:07 IST
    Source: Reuters
    • PRO Panorama

      Moneycontrol Pro Panorama | An advent calendar for markets

      Nov 14, 2025 / 03:20 PM IST

      In November 14 edition of Moneycontrol Pro Panorama: Is the gold rally a warning about inflation ahead, thematic schemes are boomi...

      Read Now
    Unlock This Article

    Are you a PRO subscriber? Sign In

    What Do You Get

    • Ad free Experience

      Seamless navigation, faster responses.

    • Expert Perspective

      Explore 230+ exclusive editorials every month

    • +

      Uncover Insights from World-Renowned Experts and Journalists

    • Actionable Insights

      40+ weekly investment ideas + 3 to 4 daily technical calls

    • Virtual Events

      Exclusive Live Webinars for Expert Trading & Investment Strategies!

    • Newsletters

      Stay ahead with daily and weekly insights

    View Offers

    Unlock exclusive discounts