Crude oil prices have started their downward march in the last few weeks with the price dropping to nearly 120 dollars in the last few days. Though this is over 25 dollars below the all time high touched few weeks back, it is still over 70% above the rates that prevailed a year ago. The prices need to come down further to below 80 dollars level, to make a positive impact on the spiraling fuel costs across the globe. God only knows whether the crude prices will tend lower or whether they will start reversing and moving upwards again.
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