News From Press Crude shock for your equity and debt mutual fund investments

Crude shock for your equity and debt mutual fund investments

Source: The Economic Times Sep 17, 2019

Crude oil prices surged 19.5 per cent in a day after a drone strike on a Saudi Arabian oil facility. On Monday, oil prices spiked $12 to trade at $71 a barrel in Asia. This is said to be the biggest advance in Oil prices in 28 years. The Indian markets had a negative knee-jerk reaction to the news. The BSE Sensex fell 250 points on spike in oil prices. Fund managers believe that if the tension between Iran and USA persists, crude oil prices might go up, which is a bad news for Indian markets.

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