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The Complete History Of Oil Markets

January 30, 2021 by

Like most other commodities in the markets, crude oil prices have routinely experienced wild price swings alternating between times of great shortages, high demand and high prices and periods of oversupply, low demand and depressed prices. These so-called crude oil “Price Cycles” tend to last several years, depending on variables such as oil demand, volume of oil drilled, processed and sold by the major producers.

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