Crude is poised precariously: Rashesh Shah, Edelweiss Group

Rashesh Shah, Chairman & CEO, Edelweiss Group, in a chat with ET Now, gives his views on crude oil prices


What in your own sense could happen to crude oil and the implications for the market?

Crude is poised somewhere very precariously. Because of speculative reasons, it can always go up but structurally if at all, there is slowdown in China and the global economy is not growing as fast as you would expect it, it is not likely that crude price should stay so high. A stable price for crude oil is $100 or around. Can it go up because of speculative bubble and all of that? It can but overall structurally if China economy is slowing down and all of that should result in some easing off of the pressure on the crude price from a fundamental point of view.