Know what happens to crude oil, where does the effect of falling prices
Know what happens to crude oil, where does the effect of falling prices Crude oil is a commodity that carries the economy of many countries around the world. Its cheap and expensive has a direct impact on the life of the common man. Due to this, the economy of the country is also affected. It not only helps in the growth of GDP, but it is also a means of earning for some countries. Around 924 million barrels of crude oil are consumed daily worldwide. Among the countries consuming it, China, America, Japan and India have more shares. What is crude oil Crude oil, or crude oil, has an important role in driving the wheel of the global economy. The crude oil found naturally is called crude oil. Actually crude oil is a dark colored liquid. It is a type of dark hydrocarbon substance that is found in the world, inside the sea and on land. Its history is 300 million years old. A minimum of 20 gallons of gasoline is used to make one barrel of oil. Crude oil is