Oil prices showed a downward trend as US crude inventories exhibited an unforeseen growth last week, implying a lower demand.
Though there had been ups and downs in global oil prices, US crude stocks are showing an upward trend as they increased by 2.2 million barrels for the week of August 5. Experts expected a 400,000-barrel drop in crude oil.
Despite fluctuations, the oil prices in India have been relatively stable and are not drastically increasing or decreasing.