Why are the prices of crude oil falling all over the world?

Hey Kushagra,

The main reason behind the falling oil prices is the oil price war which is basically between the OPEC nations and the oil producers of United Nations. OPEC nations being the top oil exporters are deliberately keeping the prices of oil low because of the increased competition with U.S. ( as U.S. is producing shale oil).  In this regard, the world's largest oil producer, Saudi Arabia is reducing prices in order to maintain its market share. In addition to this, speculation in the market is also responsible for the decline in the oil prices.

  • 1
What are you looking for?