Crude Oil Below 46$ .

>> Tuesday, December 2, 2008

Crude Oil is now trading below 46$ which is at 3 and a 1/2 years low.

Crude had a life time high of 147.27$ some 4-5 months back and now you see whats going on.
The main reason behind this fall is the weak demand for global energy and also because of economic slowdowns in most big economies.
Crude support at 42$ and 36$.