Crude oil process continue to slump in the world market. By yesterday (27 October) the price of West Texas Intermediate crude oil, considered the benchmark for world crude oil prices, was recorded at USD 43.20 per barrel while was Brent recorded at USD 46.81 per barrel.

These prices have prevailed for the past two months.

The main reason for the drop in world crude prices has been rise in supply due to more production.