Crude oil falls to 75 dollars
The crude oil prices have come down from over 80 dollars a barrel few weeks back to less than 75 dollars a barrel this week. The US FED chief statement that the US economy will face headwinds in the coming months due to high unemployment levels, has been the key pull down trigger.
The crude oil demand is expected to come down in the Asian region also in the coming weeks as China and India work on cooling down the inflationary pressures.