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🏠 Home › MCQs › International Current Affairs › Question

What is a primary factor influencing the short-term volatility of global crude oil prices?

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By The Quiz Wire

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Published 10 Jan 2026

A. Geopolitical stability in major producing regions.

B. Annual production quotas for natural gas.

C. Global fluctuations in gold and silver reserves.

D. Long-term climate change mitigation treaties.

💡 Explanation:

Geopolitical stability, especially in major oil-producing regions or OPEC nations, directly affects the immediate supply outlook, which is a primary driver of crude oil price volatility.

📚 Topics: International Current Affairs

🎯 Exams: CSS GEN PMS UK_CS US_COMP

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