Crude oil below 85 dollars

October 30th, 2008 No Commented

Categorized Under: General

There is a side effect to all the economic downturn happening across US and Europe and parts of Asia. That has resulted in the crude oil demand crashing and the crude oil prices have crashed by nearly 40% within the last few months, owing to lower demand from US / China and Europe. Experts say that with the economic downturn, more and more people are expected to start using public transport system, which can hurt the crude oil demand further.

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