Supply demand crude oil
High oil prices are caused by high demand, low supply, OPEC quotas, or a drop in The price for WTI crude oil broke above $100/barrel February 13, 2012, two 11 Feb 2020 EIA's global petroleum supply forecast assumes that the Organization of the Petroleum Exporting Countries (OPEC) will reduce crude 13 Feb 2020 Oil demand in China, the world's second-largest crude consumer, has plunged because of travel restrictions to and from the country and