A Crude Awakening: What do rising oil prices mean for the economy?

The price of oil influences various parts of the economy, including petrol prices
Lower oil prices usually means cheaper petrol for the population

Oil prices ended last week with modest gains, but low demand and high production continue to suppress the value of the commodity...

"Key OPEC members (think: Saudi Arabia, Iraq, and Iran) persist in their battle for market share, ramping up exports apace." - Matt Smith, director of commodity research at ClipperData.



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