S.M BLOGS

    The Crude Oil prices have crashed drastically in the World a few months before the price of Crude Oil was $60 per barrel and now it has crashed to $20 per barrel . So, What is the reason behind this uncertain fall in the price of Crude Oil? Fall in price of Crude Oil.         The main reason behind this is the Oil price War between three powerful countries in the World namely Russia, Saudi Arabia and the United States of America . So, what exactly is this price war? And how will it benefit the other nations in the World?     First of all, let us understand a small basic economic concept that most of us already know that the price of anything or any commodity depends upon the Demand and Supply . If the Demand is more and the Supply is less then the price will inflate and vice versa. The same concept goes with the Oil if the Demand is less and the Supply is more then the price will fall. Now, the top three oil-producing countri...