🆕Global oil prices are influenced by a variety of factors, not just geopolitical tensions in the Middle East.

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Global oil prices are influenced by a variety of factors, including supply and demand, global economic trends, and weather events, not just geopolitical tensions in the Middle East. For example, the 2020 COVID-19 pandemic led to a significant decrease in oil prices.

🔬The Relationship Between Geopolitical Tensions and Oil Price Volatility— Wang, Y.(2012)

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