Immediate crude oil target is $55-56 per barrel
Dharmesh Bhatia of Emirates NBD is bullish on crude oil and expects the market to rise 10-15 percent.
"The immediate crude oil target is USD 55-56 per barrel in the international market but expect domestic prices to remain higher due to weakening of rupee," he said.
Summer demand has already picked up in GCC (Gulf Cooperation Council) member states and in the US and South East Asia, but the winter demand will start showing support only after the next couple of quarters, he added.
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