Crude oil prices in 2012 have dropped by more than $25 per barrel. This makes some people worry because it may lead to a repeat of 2008.
Bank of America says that Venezuela will face a deep recession in 2013 with a drop in crude oil prices and a decrease in government expense.
Crude oil price increased after a rescue package became available for Spain and the failure of talks between Iran and the U.S.
Declining crude prices resulted to cheaper gas but economists say that this could be telltale signs of an impending recession.