- 25 September 2023
- Posted by: Federica Montella
- Category: Investing
Table of Contents
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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@federicamontella 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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Federica Montella
eToro Popular Investor
