Like any business the oil industry runs on the basic premise of supply and demand. The more supply – the lower the price. The higher the demand – the higher price. In other words the more people who can buy oil the higher the price of oil.

Spread the love

Like any business the oil industry runs on the basic premise of supply and demand. The more supply – the lower the price. The higher the demand – the higher price. In other words the more people who can buy oil the higher the price of oil.

Leave a Reply

Your email address will not be published. Required fields are marked *