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11 May, 13:59

2. What caused the demand for oil to increase?

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  1. 11 May, 17:45
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    High oil prices are caused by high demand, low supply, OPEC quotas, or a drop in the dollar's value. Demand for oil and gas follow a predictable seasonal swing. Demand rises in the spring and summer due to increased driving for summer vacations. Demand drops in the autumn and winter.
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