On Friday the prices of crude oil fell dramatically again. This spiraled a week of a few losses which follows suit since the demand concerns as well as the strength of the US dollar had continued to create a lesser appeal for crude oil. The fundamentals however still remained week which was responsible for driving the front-month crude down by almost $10 from a high of $84 that it had reached on January 11th for a barrel. There however has been no positive economic news that will help reverse the current downtrend that the crude oil for March which has list almost $1.54 to $174.54 for a barrel, this was reported a few hours ago. The crude oil had fallen yet below since China had taken a few steps that would help tighten its fiscal policy. This step was taken sometime earlier this week. The oil recovery is now dependant on the demand from the Chinese to help it revive from its worst of the global recession. The official data that was released had surprised the drawn down of the inventories that the crude oil experienced did not do much to support the oil prices. The dollar kept up to its recent gains till Friday this they did by keeping the commodity prices depressed. This week also saw the stock prices tumble, which was coupled by rumors of a second time recession round. The financial market however suffered because of the new restrictions that President Barack Obama had call for on the financial institutions as it would help curb any kind of future financial losses. Obama said that the rules would help cover up the loopholes that firms took an advantage of to trade in risky products without even overlooking it, this would strengthen the liquidity and the capital requirement and make the economy stable.

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