Question

In 2015, the world price of oil fell rapidly due to changes in the conditions of demand and supply. One change was the use of a new method of extraction called fracking. Which event would not have contributed to the fall in prices?

A) China’s growth slowed leading to lower oil imports.
B) Saudi Arabia increased the volume of its oil supplies.
C) UK protest groups prevented the introduction of fracking projects.
D) USA became more self-sufficient in oil due to fracking and reduced imports

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

NEW YORK, Aug 2 (Reuters) - Oil prices fell more than 3% on Monday after weak economic data from China and the United States, the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.

Explanation: