The continuing downturn in the US and increase in the crude inventory data is posing a major drop in crude oil prices. The crude prices touched a new monthly low figure of 60 dollars due to increased pumping in by OPEC countries, over and above the agreed volumes in the OPEC meet last month.

The higher volume pumping out , has been forced on all these countries because that is the only way they can bridge part of the huge fund shortfall created due to over 60% crash in crude oil prices.