Crude slipping a kneejerk reation, says Moody’s Vikas Halan

Crude oil prices have declined by nearly 10-12 percent, in this week we are trading at a 4 month lows for the crude prices. Vikas Halan of Moody’s Investors Service say it is the kneejerk reaction at the movement.

“Markets wasn’t really factoring in the compete lockdowns that have been announced, so that probably is a kneejerk reaction at the movement, but if you look into details, probably things are not as bad as the market maybe reacting to,” he explained.