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How can opec make the price of oil rise?

April 26, 2017Oil opec price Rise

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How can opec make the price of oil rise?

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OPEC controls the oil but oil companies control the price. The oil compnies contention is that if OPEC releases 100,000 barrels of oil it is worth 5 times the amount if OPEC released 500,000 barrels. Do not get me wrong, always follow the profit reports. Big oil sets the price on a fake demand.