How Big is the Market for Crude Oil? ?️?️?️?️
While the global economy relies on many commodities, none come close to the massive scale of the crude oil market.
Between 2000-2020, Europe delivered an average +1.5% real GDP growth per year That’s pretty decent, considering: – These 20 years include the GFC and the debt crisis; – The inherent fragility of the European architecture (one monetary policy, 19 different fiscal policies
Understanding the differences between WTI and Brent crude oil prices can provide insight into the current state of affairs. Knowing how production levels, geopolitical events, and transportation costs influence these prices can help you make informed decisions about investing in crude oil.
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