Crude Slides: What's Driving The Fall? Christopher Haines In India Tonight Show

The big story on India Tonight was the focus on crude. Oil prices are on a slippery slope. They've slid once again. Brent crude has seen a cut of over 5%, trading at around $108 per barrel. Brent crude is trading below its 100-day moving average for the first time since January this year. Oil prices went down after reports emerged that U.S President Joe Biden is calling for a federal fuel tax. Biden is expected to urge the U.S Congress to greenlight a 3-month suspension on federal taxes on gasoline. Fuel prices are skyrocketing in the U.S and the move is expected to bring relief to consumers. On the show, ET Now's Vikram Oza takes a look a the reasons for the slide as we are joined by Christopher Haines, an Oil Analyst, at Energy Aspects...tune in!#crude #fuelprice #biden