Crude down to 127 dollars
Crude oil today morning had moved up to 131 dollars, but it was only short lived. It started drifting down from mid day , and towards the end of the day , it was seen around 127 dollars which is close to 4 dollars drop for today alone. The decline is due to the increased fear of reduction in the demand across the globe, and also due to the commitment by Saudi Arabia of increased output from coming month.