Crude drops - Petroleum, Auto, Chemicals, Paints to Benefit
Crude has dropped and it is a good news for people of India. Petrol & Diesel prices have dropped and further drop is also possible in coming days. All Petroleum company shares have been rocketing since the drop in crude started.
Other sector which will have positive effect because of this drop are Auto, Chemicals & Paints. Auto has always been effect by the pricing of crude as it is a supplementary product. Chemicals & paints have their raw material as crude so there will be decrease in cost and increase in profit, increase in eps means shares will run.
Crude has dropped and it is a good news for people of India. Petrol & Diesel prices have dropped and further drop is also possible in coming days. All Petroleum company shares have been rocketing since the drop in crude started.
Other sector which will have positive effect because of this drop are Auto, Chemicals & Paints. Auto has always been effect by the pricing of crude as it is a supplementary product. Chemicals & paints have their raw material as crude so there will be decrease in cost and increase in profit, increase in eps means shares will run.
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