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How can opec make the price of oil rise?

In: Business & Finance [Edit categories]

Answer:

OPEC controls the oil but oil companies control the price. The oil compnies contention is that if OPEC releases 100,000 barrels of oil it is worth 5 times the amount if OPEC released 500,000 barrels. Do not get me wrong, always follow the profit reports. Big oil sets the price on a fake demand.

First answer by ID1671564214. Last edit by ID1671564214. Question popularity: 4 [recommend question].

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