Tumbling of crude oil prices: Economic laws say that this is a temporary phenomenon

A drastic reduction in crude oil prices-December 22, 2014 

Crude oil prices in the world market have tumbled and they are still tumbling. The average price of the West Texas Intermediate category of crude oil stood at a level of $ 100 per barrel, which is equal to 159 litres a few months ago. It has now fallen to a level of $ 60 per barrel last week. This is practically a decline of 40% in an important commodity within a few months.

Tumbling of Crude Oil Prices Economic Laws Say That This is a Temporary Phenomenon by Thavam Ratna