How supply and demand plays in the rising of oil price ?
Monday, July 21st, 2008
ko.flok asked:
Oil price is rising obviously is rising, and it is caused by the demand and supply, with demand exceeds the supply.
So, what are actually the factors of these supply and demand…
OPEC come into mine as the supplier and China & India’s rapid economic growth also come to my mine as the cause of demand.
Oil price is rising obviously is rising, and it is caused by the demand and supply, with demand exceeds the supply.
So, what are actually the factors of these supply and demand…
OPEC come into mine as the supplier and China & India’s rapid economic growth also come to my mine as the cause of demand.
Can anyone explain me more about this supply and demand factors that causes the oil price to increase this much?
Tiffany
