Beyond OPEC's production decisions, which of the following is a significant factor influencing global crude oil prices?
✓ Correct Answer: Option B
Geopolitical tensions, conflicts, or political instability in key oil-producing regions (e.g., Middle East, Russia) can disrupt supply chains, create uncertainty about future supply, and significantly drive up crude oil prices due to fears of shortages.
📚 About This World Current Affairs Practice Question
This 2-level World Current Affairs question from the Global Economy & Trade topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.
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