Business Trend

The oil price slipped again same with the major stock price in almost countries especially United States. It shows us about economy concern and hope in front of the traders. The oil price almost reaches $50, after decreased about $2. This indicates less demand for oil in line with the slower industrial growth rate in every country as the effect of economy recession. We will see oil price just sticky around at the same number though OPEC has announced the cutting world oil quota to control the price. No more heaven for the petroleum countries and they should pray for the fully recovery in the big consumer such as United States and European.