Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who Sets the Price of Oil?

Oil price
0
Posted

Who Sets the Price of Oil?

0

Supply and demand sets the price of oil. No one thing or person sets the price of oil. If the supply is plentiful the price of a barrel will decrease. If the demand is high, the barrel price will increase.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123