To a certain degree yes, but lately they have been manipulated by speculators and worsened by environmental laws. I am referring to oil brokers (speculators) who manipulate the price.Are the rise of oil price really due to supply and demand?
This increase may be a mark of strength due to rebounding of economiesAre the rise of oil price really due to supply and demand?
Economic conditions and environmental issues do manipulate the price of oil. OPEC can do anything..because there will always be demand for it..they can fool around with the price.
Back in the summer of '08, it was because of speculators driving up the prices. Thank you, Wall Street, for yet another economic blunder.
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