Notice the plot of world oil prices from 1970 to 2010.Observe how world events have influenced both long and short term price changes

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Notice the plot of world oil prices from 1970 to 2010.Observe how world events have influenced both long and short term price changes. A commentary of this is given on page 22.

Write a short 1 or 2 page essay describing what world events have happened since 1998 to the current day that have influenced both long term and short term world oil prices. MLA format

Essay sample:

World events have had a major impact on oil prices since 1998, specifically events within both the Middle East and North Africa. For example, in 2000, the Middle East tensions caused prices to reach a high level of $38 per barrel since the Organization of

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Published On:
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