Crude Oil Price in the US: Moving Towards Uncertainty

Crude oil is one of the world’s most valuable resources as most industries rely on oil to function. The price of crude changes in response to demand and supply cycles, policy changes, and fluctuations in the world’s markets. Besides, geopolitical events and severe weather that might create uncertainty can disrupt the supply of crude oil and its prices. For decades, the OPEC had been playing a crucial role and working with its oil-producing member nations to determine the prices by boosting or reducing crude production...