The crude oil prices have crashed to 35 dollars per barrel in the last few weeks, owing to the continuing flow of negative data from across the globe. The US economy is throwing out more bad news in terms of housing and also unemployment.
Europe is also not showing any recovery signs, and on the other hand, Japan is reporting continuing fall in exports. China and Singapore are also seeing massive drop in their exports to US. All these have resulted in the crude oil prices crashing to around 35 dollars level in the last few weeks.
Archive for February, 2009
Crude oil crashes to 35 dollars
February - 10 - 2009 - Tuesday ADD COMMENTS
