Nymex’s crude oil dropped 5.74% to US$66.65 per barrel in Asian trading this afternoon (1.44 pm Jakarta time). Oil prices is under pressure since last week following news that top producers could ease quotas on existing production cuts. Saudi Arabia, the U.A.E., and Russia are considering easing restrictions on oil production in response to a fall in Venezuelan output and a possible shortfall from Iran. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946
