A news story from 2015 about the oil market stated, the global glut of crude that has
Question:
a. What does the article mean by a "glut"? What does a glut imply about the quantity demanded of oil relative to the quantity supplied?
b. What would be the effect of the glut on oil prices?
c. Briefly explain what would make the glut start to shrink?
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a In referring to a global glut of crude the article describes the res...View the full answer
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