The world economy and the price of light sweet Crude oil
The price of light sweet Crude oil continue to fall and are now level on a very low price. Nymex Crude Oil prices are at 63.03, while Brent Crude Oil 62.70 on the price, I get this information from CNBC Television. A fantastic price, when the previous price Sweeet Light Crude Oil price ever pass 147.
I still can not ensure, whether this good or bad for the development of world economy. What do your estimates, the relationship between the price of Light Crude Oil Sweeet with the world economy?
Is this the price will be able to survive long?
I hope, the decrease in the price of light sweet Crude oil is a new hope in the economic development of a better world.
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