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Global oil market price

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Academic Writer
Level
General public
Study
others
School/University
Kenyatta

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Language
documents in English
Format
Word
Type
summary
Pages
2 pages
Level
General public
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  1. The oil market
  2. Economics principles that influence the pricing of oil in the global market

This essay briefly describes the various principles of economics and economic theories that determine the price of the oil in the global market. It describes vividly the major reasons that have led into the decline of the oil substantially over the past 7 years. Therefore, the essay uses the economic principles in giving the reasons for the decline of the oil price that are based with the oil global market.

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