Crude oil prices below 100 dollars

August 20th, 2008 No Commented

Categorized Under: General

Just few months back, people were hearing that the crude oil prices will reach record high of over 200 dollars a barrel because the supply is going to be far less than the demand. But within months, the demand seems to have waned and the prices have crashed over 30% from record high of 147 dollars just a few months back. Now the same experts who predicted 200 dollars by 2009 end, are predicting the price to touch below 50 dollars by 2009 end. Any takers ?

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