Oil prices shoots down

The price of oil had fallen down as the production units are not being affected by the tropical storm.and the traders speculated about a release of oil from US reserves. Oil analyst for tradition energy had said that the production centres in the gulf can withstand at the low level hurricanes. According to Bureau of safety and environmental enforcement about 24% of the Gulf oil production was suspended and about one quarter of the nations oil production in the gulf of Mexico. The price fluctuation in the oil prices would be surely can done something in the international market. The reducing of price can surely be helpful to the manufacturers to put a reasonable price to the end products. Brent crude, which is used to label the price of International brands so that many of the US refineries turn into gasoline is about 23% in the same period.the manufactures are travelling into a new way to earn profit . They are likely to improve their stand in the International market.the average price for a gallon of regular gas in the American had increased to USD3.75 and now the highest since may and is increased by 42 % .

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