, Saudi Arabia poised to be the oil Leader after the highest oil output by cutting down its crude prices relatively.
From a $128 per barrel in March, a breath taking four year high hit in the crude oil prices, the NYMEX Crude oil prices today lingers a little below $100 a barrel. While the other oil producers in the Middle East are worried at such a steep decrease and Iraq is probably suggesting a control in the oil output to sky rocket the oil prices again, Saudi Arabia, a key contributor among OPEC, is all happy about it.
