There are a few factors that influence oil fluctuations: the political situation, whether there is a natural catastrophe, whether there are speculations in the market, whether there are strikes in certain producing countries. So there are many other factors other than OPEC production.
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God Knows How Oil Prices Behave But OPEC Forecasts Rise
The Organization for Petroleum Exporting Countries, OPEC, Secretary-General Abdullah el al-Badri said Sunday oil prices would likely to climb and that the group was ready to increase production if the price pressure was due to a shortage of supply
The Organization for Petroleum Exporting Countries (OPEC) Secretary-General Abdullah el al-Badri said Sunday oil prices would likely to climb and that the group was ready to increase production if the price pressure was due to a shortage of supply.
Oil prices reached a new high Friday at 117 U.S. dollars a barrel.
A host of supply and demand concerns in the U.S. and abroad, along with the dollar's weakness, have served to support prices, even as record retail gasoline prices in the U.S. appear to be dampening demand. Crude prices have risen as much as 4 percent last week.
There are a few factors that influence oil fluctuations: the political situation, whether there is a natural catastrophe, whether there are speculations in the market, whether there are strikes in certain producing countries. So there are many other factors other than OPEC production.
There are a few factors that influence oil fluctuations: the political situation, whether there is a natural catastrophe, whether there are speculations in the market, whether there are strikes in certain producing countries. So there are many other factors other than OPEC production.
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