Crude oil prices were consolidating over the last week. The prices tumbled over 3 per cent on August 1. The Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX) slumped 3.5 per cent to a low of $48.4 per barrel on that day. However, the contract found strong support near $48.5 and has been sustaining above this level since then. It is currently trading at $49.5 per barrel....