Oil is used for energy and has a major input to the global economy. Any supply or demand threat, whether due to wars, production cuts, weather etc., can directly impact oil prices.
Updated over 7 months ago
Did this answer your question?
Copyright (c) 2023, Intercom, Inc. ([email protected]) with Reserved Font Name "Raleway".
This Font Software is licensed under the SIL Open Font License, Version 1.1.Copyright (c) 2023, Intercom, Inc. ([email protected]) with Reserved Font Name "Raleway".
This Font Software is licensed under the SIL Open Font License, Version 1.1.Skip to main contentWhy are oil prices sensitive to geopolitical events?