Crude Tumbles.....

After a long time crude prices seemed to cool down after rallying to about 148$ , Crude tumbled to around 100 $. Nymex crude was trading at around 100$ and brent crude was trading at aroun 98$ a barrell.

As predicted if the crude drops to around 70$ a barrell, the global stock markets might fight its way out of the volatility and end up consolidating as crude oil prices were one of the reasons for the worldwide increase in inflation and cause of volatility.