Crude oil prices have corrected by 4-5 percent post USA's plan to release major reserves from the Strategic Petroleum Reserve. Also the China lockdown, OPEC meeting and the IEA emergency meeting have all contributed to the fall.

To discuss the road ahead for crude, CNBC-TV18 spoke to Peter McGuire, CEO of XM Australia.

Watch video for more.

First Published:Mar 31, 2022 2:19 PM IST