The price of oil decreased today by about 2 percent and the price of a barrel of Brent oil and American oil stands at $113.5 and $100.6 respectively.
Probably after the American elections next Tuesday, the tension in the Middle East # will intensify.
The current oil prices have major negative effects on the global economy, and these effects will be more visible in the coming seasons.
Strategic oil reserves have been reduced in most major economies.