Oil price slumped over August, sliding from around USD $83 at the beginning of August, to USD $71.74 at the closing of the month.

It seems that a weak demand in stocks and commodities throughout August was the leading cause for a bearish downtrend to the overall market sentiment.  Reassurance by Ben Bernanke’s speech given on 27 August was short-lived.  Every investor is now  looking for either a miracle or a disaster!