for the first time since 2021 the price of crude oil has fallen to $70 which is a good thing for India because when crude oil becomes cheaper the prices of petrol and diesel in India decrease but why has the price of crude oil suddenly come down the reason for this is the slowdown in China's manufacturing sector China consumes the most crude oil in the whole world but due to the trade war between China and America manufacturing company are shifting from China to other countries due to which the oil consumption has decreased the OPAC plus countries are worried about this because the economy of these countries runs on crude oil only