Economy, asked by mbijleghar, 10 months ago

factors that lead to crash/decrease in the price of Oil in the international market?

Answers

Answered by Anonymous
2

Answer:

Crude oil prices react to many variables, including economic news, overall supplies, and consumer demand.

OPEC is an international oil producing cartel that plays an important role in determining global oil supplies.

Economic growth and increased industrial production can drive up the demand for crude oil.

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