Qatar decision obviously not good for the crude price. Some crude expert set a target around 20-25$ within 2018...World economy & biggest job market depends on crude also...as I said earlier...It can drag worldwide equity market too if go to 20-25 again...
Today there was easy money on short side due to such bad sentiment...I m bearish on crude for next few months...Lets hope SEBI introduce options before the bigger move come...
But, if crude down... initial days India will benifit.. until it drags the whole world market down...like previous instances..many countries economy depends on crude. And huge profit from selling crude invested in properties, cars, the stock market, gold, silver other businesses everywhere...That huge money from black gold is circulating...pumping blood to world economy also...