There won't be much of a decline in the crude prices because the markets are looking at the tightness ahead and that is the reason why crude is still a buy on dips, T Gnanasekar, Director at CommTrendz Research & Fund Management.
It looks like that US President Donald Trump Trump is quite determined to cut off supplies from Iran by the end of the year, he said.
“I do not think the entire supply is going to be cut off, but that will only add to the existing tightness," Gnanasekar said.
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