Crude price touches lowest in 11 years

While crude oil production has reached all-time high, Brent crude price has touched the lowest since 2004 reaching $36.17. This figure is lower than in the recession years. In 2004, the crude price stood at $36.20. The crude price in US West Texal Futures has come down by 24 cents to touch $34.49. Bharat crude oil basket price has come down by 0.62% and stood at Rs.2387, Rs.15 less than the previous close.