asked 165k views
2 votes
What were two of the reasons for the spike in oil prices during the 2000s?

asked
User PetrS
by
8.0k points

2 Answers

4 votes
Geopolitical events and natural disasters had strong short-term effects on oil prices. There was also a huge demand for it.
answered
User Kylc
by
8.4k points
3 votes
Well, it was mainly caused by disruptions in the supply of oil! Haha, hope this helps man! :)
answered
User Eolandro
by
8.0k points

Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.