Oil prices

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CA Priya (Querist)
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28 September 2011 Hello experts. Please tell me how this Oil price fluctuations in global market affects the economy of all countries? What link it has with our Dalal street or Wall street or whatever????

CA Amit Joshi

CA Amit Joshi (Expert)
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28 September 2011 Dear Priya,
Oil is necessary for each industry for there production, transporation etc. If oil prices increases the cost of production will also increase and it effects economy and the share price. And the othere thing is that we have to import oil so if prices increases it effect the economy.
I think you got the answaer of your question.

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