The world oil market could "go crazy!"

Abstract

On the morning of March 10, the price of oil on the New York Stock Exchange reached a record high of $107 per barrel. According to experts, the upward trend in prices continued in the following days. The increase in prices for black gold became noticeable from the beginning of the year. When the price of a barrel of oil was $87. International experts explain the upward trend in oil prices by a number of factors, one of which is the significant weakening of the US dollar against other currencies (especially the euro).