OIL INDUSTRY
We are witnessing a curious situation.
The price of crude oil is coming down every day and the share market is jittery ; price of gold is going up. What is happening?
The oil companies like the Reliance, are getting the crude oil cheaply. But the cost of production is high, even higher, on account of wages etc. In order to retain their profit margin, the OPEC group is artificially creating shortage of refined oil.
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