How oil prices are set<br>We can look at the demand side and supply side, from the demand side of the industrial development (OECD) is the world's leading crude oil demand, in general, the state of economic growth will be proportional to future demand for crude oil, on the supply side, OPEC's 12 member countries accounted for 30% of the total supply, because they are very low cost of mining and storage, so the supply is very large. If oil demand falls, some countries may consider cutting production to maintain price stability ...
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