In the last fortnight, Crude oil price declined slowly due to amid volatility in trading sentiment. Crude prices opened with robust sentiment during the early last fortnight, as the German Investor Confidence index rose. In the second half of the last fortnight, selling offers for Crude oil opened with mixed reaction. The market was concerned that following this move by the EU, retaliation from Iran may disrupt the oil supply. The price rise was also supported by gains witnessed in the U.S durable goods orders meant to last at least three years.