rise in oil prices


This query is : Resolved 

(Querist)
18 August 2008 Please explain the reasons for the recent hike in oil prices? Also please refer the sources from where I can get more detailed information.

Taxguy (Expert)
10 September 2008 it is the decision of theOPEC produce to slow the pumping of oil to boost the price. After the decline in consumption the price has come down, with many users shifting to other sources.


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