Consumer confidence index have fallen to its lowest level, since the hurricanes struck the Gulf Cost last summer, as the fuel prices are soaring high. The index recorded a fall in the second consecutive months.



As the oil and gas prices are incessantly increasing, it seems it has put a depressing effect on the great American consumers showed at the start of the current year. According to several reports there may be a depression in demand for energy.



On the other side, International Energy Agency has revised its estimated demand for oil and gas, as it has predicted that the oil demand is likely to grow by 1.25 million barrels per day and in the earlier forecast it had put this figure at 1.47 millions barrels a day.



However, the Commerce department has indicated that American’s craving for imports, more precisely appetite for oil and gas, have been relaxed to some extent in March.



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