Question

Which generalization BEST describes the impact of world events on the price of oil?

A)
An oil embargo produces high prices worldwide.
B)
Political events have relatively little impact on price.
C)
The price of oil spikes prior to and during times of war.
D)
Economic crises tend to raise the price of oil gradually.

Answer 1

C) the price of oil spikes prior to and during times of war

Step-by-step explanation: