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Oil Price Crash! Economic Crisis or Short Term Blip?
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Wow! What has happened to the price of oil last night was unheard of!
This short video explains what happened to the price of oil, before explaining the reason why the model of demand and supply is behind the reason for the price fluctuation. The video also explains how oil is a commodity and the impact that the price of this has on the wider economy.
This short video explains what happened to the price of oil, before explaining the reason why the model of demand and supply is behind the reason for the price fluctuation. The video also explains how oil is a commodity and the impact that the price of this has on the wider economy.
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