Causes high oil prices

• High crude oil prices could be due to a shortage of oil supplies.
• Sentiment is also an important factor: if traders in the oil market believe there will be a shortage of oil supplies, they may raise prices before a shortage actually occurs.
• Taxes have more influence over the price of oil products: When oil taxes are raised, end consumers often mistakenly blame the oil producers, but it is really their own governments that are responsible.

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Contenu de ce document de Langue > Anglais

Plan :

Causes high oil prices
Consequences of fluctuation oil prices on “ micro” level
Consequences of fluctuation oil prices on the “macro” economy

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