Mcx crude oil 6 october 2014 updates

Sliding crude oil prices are giving consumers relief at the pump, which is bound to provide a fillip for consumer spending. But whether that is good news for the stock market is another story. Crude oil futures have been demolished over the last four months, falling some 17 percent from their June highs, and settling at a 17-month low on Friday.

And as oil prices have fallen, consumer gasoline prices have dropped to a nationwide average of USD 3.32 a gallon, the lowest since February . The motor club group also notes that in 26 states, gas can be found for cheaper than USD 3.00 per gallon.  We expected that gas prices will continue to fall in October.


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