Crude oil price now falls to US$47 per barrel Tuesday on supply concern. Member countries of Organization of Petroleum Exporting Countries (OPEC) opt not to cut their oil productions, to compete the growing oil supply from United States. Indonesian crude oil price also dropped by US$15.83 to US$59.56 per barrel at December 2014, compared to previous month. Apart from supply concern, the current oil price drop is also due to the appreciation of dollar and the slowdown of China economy.To subscribe please click here
