Crude down to 125 dollars
Crude oil continued to slide yesterday also with the price touching 125 dollars, nearly 2 dollars down from previous close, due to the hurricane in the gulf of mexico changing course for the good. Also the waning demand from US , the largest consumer in the world, aided by increase in their inventory , resulted in downward pressure on crude oil prices. This is expected to start moving upward from next week, once the Iran tension mounts when UN council meets for sanctions.