In the mid-2000s, the world price of oil has been driven upward primarily due to an increase in demand.

Name: In the mid-2000s, the world price of oil has been driven upward primarily due to an increase in demand.
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Demand for oil increased significantly in growing economies such as China and India, leading to a surge in oil prices in the mid-2000s. Other factors such as supply disruptions and geopolitical tensions also contributed to the price hike, but the primary driver was the increase in demand.

In the Mid-2000s, the World Price of Oil Has Been