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Commodity Talk: Crude oil to remain volatile amid US debt crisis, says Prathmesh Mallya of Angel One
Commodity Talk: Crude oil to remain volatile amid US debt crisis, says Prathmesh Mallya of Angel One
Oil prices are likely to remain volatile until the US debt ceiling crisis is resolved on June 1, according to Prathamesh Mallya of Angel One. As the US government has always approved the debt ceiling in the past, it is likely to be a last-minute approval on this occasion as well. Regardless of the outcome, the consumption of oil will continue, with factors such as a slowdown in China and a stronger dollar creating impact on the prices of oil and resulting in high volatility in the market.
Oil prices are likely to remain volatile until the US debt ceiling crisis is resolved on June 1, according to Prathamesh Mallya of Angel One. As the US government has always approved the debt ceiling in the past, it is likely to be a last-minute approval on this occasion as well. Regardless of the outcome, the consumption of oil will continue, with factors such as a slowdown in China and a stronger dollar creating impact on the prices of oil and resulting in high volatility in the market.
Oil prices are likely to remain volatile until the US debt ceiling crisis is resolved on June 1, according to Prathamesh Mallya of Angel One. As the US government has always approved the debt ceiling in the past, it is likely to be a last-minute approval on this occasion as well. Regardless of the outcome, the consumption of oil will continue, with factors such as a slowdown in China and a stronger dollar creating impact on the prices of oil and resulting in high volatility in the market. 
