Crude oil has slumped to the lowest price since trading of this commodity began in 1983. Current price of crude oil is $60 per barral, down from $105 3 months ago. This ecomonic down turn may potentially cause the demand of crude oil. This price spiral occured when U.S. and China cut interest rates.

If the price of Crude oil keeps falling what will this do to OPEC? What about the U.S. consumer markets?

Remarks and questions are always welcome.