Oil prices have gone up and down over time. For example, crude oil (Brent) was around $40–$50 per barrel in 2020 during the
#trump COVID-19 period because demand was low. Later, as the world economy recovered, demand increased and prices rose to around $80–$100 per barrel in 2022–2023.
#dollor This increase happened because:
#USTD $ETH More demand for fuel (cars, industries, flights)
Supply problems from oil-producing countries
Political tensions and wars affecting oil supply
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