Everything about falling crude oil prices

Over the past year, crude oil prices have dropped significantly. Some countries such as India have benefitted extensively due to the same. The fall in prices has resulted in a lower current account deficit, reduced inflationary pressures and an overall uptick in the economy. However, at the same time it has also put a lot of pressure on the oil exporting countries.

A recent article in the Economist magazine elaborates on this phenomenon while giving a detailed insight into the hows, whys and more. A link to the same is given below.

http://www.economist.com/blogs/economist-explains/2015/03/economist-explains-14?