the graph below shows fluctuations in the global price of crude oil over a twenty year period. which of the…

the graph below shows fluctuations in the global price of crude oil over a twenty year period. which of the following statements would best explain the change in oil prices between 2010 and 2013? choose 1 answer: a recovering economy and increased industrialization in developing nations increased demand for oil. advanced technology and exploration made nonconventional forms of oil more accessible. a global financial crisis during this period was characterized by high unemployment and less demand for oil. a global shift towards working from home, rather than traveling to offices, reduced demand for oil.

the graph below shows fluctuations in the global price of crude oil over a twenty year period. which of the following statements would best explain the change in oil prices between 2010 and 2013? choose 1 answer: a recovering economy and increased industrialization in developing nations increased demand for oil. advanced technology and exploration made nonconventional forms of oil more accessible. a global financial crisis during this period was characterized by high unemployment and less demand for oil. a global shift towards working from home, rather than traveling to offices, reduced demand for oil.

Answer

Brief Explanations:

Between 2010 - 2013, a recovering economy and increased industrialization in developing nations would lead to higher demand for oil, which can drive up prices. Option B would likely decrease prices by increasing supply. Option C refers to a time before 2010 (global financial crisis around 2008 - 2009). Option D is more relevant to later periods with the rise of remote work due to events like the COVID - 19 pandemic.

Answer:

A. A recovering economy and increased industrialization in developing nations increased demand for oil.