What is the overall trend in oil prices over time?

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17-01-2018
Social Studies

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What is the overall trend in oil prices over time?

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abtorpiep2px1r abtorpiep2px1r · Answer 1 · 2018-01-17T22:11:23+01:00

abtorpiep2px1r abtorpiep2px1r

17-01-2018

In the past 10 years, oil prices have dropped significantly due to lower demand, caused by more efficient cars, the advent of renewable energy technologies, and many nations producing more oil in a competitive market, thus lowering prices.

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