Influence of Oil Price on Economic Growth.
*Corresponding Author:
Copyright: © 2021 . This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
Nowadays, oil is one of the most widely used crude in industry. About 6000 kinds of products and goods are made from oil. The first thing that comes to people’s mind is gasoline and plastics. Almost 70% of all engaged oil in the world is used for gasoline and other types of fuel. However, oil is also used in auto industry, household, medicine, electronics, sports and other fields.