The price of West Texas and Brent crude oil has dived below $34 per barrel! lowest in 11 years, world in shock. Reasons: 1. China's slow growth rate:  Asia's largest consumer of oil, and largest & fastest growing economy, has seen slowest growth of the generation. Its currency 'Yuan' is also depreciating in the global market. Trading on its stock markets has also been suspended (twice in a week), because of the same reason. The world Bank has predicted that China's trouble will also lead to decrease in commodity prices. The demand of oil in China has reduced significantly due to which global market is overwhelmed with the glut of oil. 2. Organization of Petroleum Exporting Countries (OPEC) undivided:  The breaking off of diplomatic relation between Iran and Saudi Arabia shows just how it is impossible for those rival countries to cooperate for the oil prices. The Saudi Arabia, largest producer in OPEC , is pumping excess of 10 million barrels-a-day to the...