Why Oil Price is Going Up?

  • 25 September 2023
  • Posted by: Federica Montella
  • Category: Investing
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Video Transcript

Why Oil Price is Going Up?

One key reason is the law of supply and demand.

The OPEC, a group of oil-producing nations, can influence prices by adjusting their production levels.

Events like conflicts or natural disasters can disrupt oil production and push prices higher.

Moreover, inflation erodes the value of money, making oil more expensive.

Do you trade oil? Let me know in the comments.

Do your research and Invest with PassionForProfit

Bye

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Why Oil Price is Going Up? One key reason is the law of supply and demand. The OPEC, a group of oil-producing nations, can influence prices by adjusting their production levels. Events like conflicts or natural disasters can disrupt oil production and push prices higher. Moreover, inflation erodes the value of money, making oil more expensive. Do you trade oil? Let me know in the comments. Do your research and Invest with PassionForProfit Bye #oilprices #supplyanddemand #opec #conflict #naturaldisaster #inflation

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Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.

Partners: Osom One, Vincenzo Stefanini, Federica Montella, Crypto Breaking, Visit Tenerife, White Shop, Soccavo Magazine, Leggo Fuorigrotta, Night Awards, Capodanno Napoli, Come To Dubai