How Is The Price Of Oil Determined Amid The Strait Of Hormuz Crisis Iga świątek [qN71KSH3aIU]
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The situation in the Strait of Hormuz have spiked global oil prices and sparked riot concern of potential recession.
The global benchmark, Brent crude, is now more than 100 dollars a barrel up from around 70 before the crisis began.
But how is the price of oil decided?
Al Jazeeras Ama Boateng landlord explains.
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