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price of crude oil [1 record]

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Record 1 2010-04-28

English

Subject field(s)
  • Laws of the Market (Economy)
CONT

The price of crude oil is generally set by the world market based on supply and demand. As a result, when demand increases and stocks decrease, the price of crude oil increases, but many other factors can affect the price of crude oil, which is the main component in the gasoline pump price.

French

Domaine(s)
  • Lois du marché (Économie)
CONT

Le prix du pétrole brut est normalement fixé par le marché mondial, en fonction de l'offre et la demande. Ainsi, lorsque la demande augmente et que les stocks baissent, le prix du brut monte, mais bien d'autres facteurs peuvent influencer le prix du brut, lequel représente la principale composante du prix de l'essence à la pompe.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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