Who Controls Or Decides The Oil Prices?

1.	Who Controls Or Decides The Oil Prices?
Answer» OPEC does not decide the CRUDE OIL prices, THOUGH it influence the market prices. It is following exchange market that decides GLOBAL crude oil prices New York Mercantile Exchange ( NYMEX) International Petroleum Exchange in LONDON (IPE) Singapore International Monetary Exchange (SIMEX) OPEC does not decide the crude oil prices, though it influence the market prices. It is following exchange market that decides global crude oil prices

Answer»

OPEC does not decide the CRUDE OIL prices, THOUGH it influence the market prices. It is following exchange market that decides GLOBAL crude oil prices

New York Mercantile Exchange ( NYMEX)
International Petroleum Exchange in LONDON (IPE)
Singapore International Monetary Exchange (SIMEX)

OPEC does not decide the crude oil prices, though it influence the market prices. It is following exchange market that decides global crude oil prices

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Who Controls Or Decides The Oil Prices?

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