Fluctuations in the prices of oil are the result of two important forces:
A) The supply of oil in non -OPEC producing countries and Asian demand
B) Demand by the U.S. and Europe
C) Demand by China and the West
D) Global demand and Oil -exporting countries's, especially OPEC, behaviour in production

Question

Quizplus · Accepted Answer

Fluctuations in oil prices are significantly influenced by global demand for oil and the production behavior of oil-exporting countries, particularly those in OPEC (Organization of the Petroleum Exporting Countries). These factors directly impact the supply and demand balance on a worldwide scale, leading to changes in oil prices.

Fluctuations in the Prices of Oil Are the Result of Two