The dramatic fall in prices of Crude Oil few years back was an outcome of Shale revolution in U...........

Geography Energy

The dramatic fall in prices of Crude Oil few years back was an outcome of

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1, 2 and 3

2 and 3

1, 2 and 4

All are correct

First option is correct.

The enhanced supply was on account of USA's Shale gas and Oil revolution that led to fall in prices. Also, Iran's re-entry led to increased supply.

The demand has been low due to global slowdown thereby bringing the prices further low.

But the OPEC members kept their production unchanged. increase in productions by them was not a factor behind fall in crude oil prices

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