Question

Why is crude oil very valuable?

Answer 1

Crude oil is very valuable as it is present in limited amount on earth... They also have high calorific value... Thnx..

Answer 2

Heya....

Here is your answer....

The price of crude oil is determined by its physical characteristics (low-density, low-sulphur grade blends generally cost more, but there are several exceptions to this rule), classic supply-demand conditions, distance from main marketing outlets and trading hubs, potential risks and general market sentiment.

Thanks...!!!

XD

Sorry baby 'wink'