When the price of oil increases sharply, it is often a warning that difficult economic times are coming.
Explanation:
New Delhi: Domestic fuel costs have started a moderate decrease as worldwide rates tumble under the heaviness of record US unrefined yield and US President Donald Trump's risk to forcefully raise tax on Chinese products.
On Monday, oil sold for Rs 73 a liter and diesel at Rs 66.66 at Indian Oil Corporation NSE - 3.76 percent siphons in Delhi. Paces of petroleum and diesel have fallen 13 paise and 5 paise a liter, individually, in two days and if the fall in global oil rates proceeds throughout the following, causing changes in the economy.
