An International organisation that influence and fix the price of oil in the International markets…

Commerce JAMB 2019

An International organisation that influence and fix the price of oil in the International markets is

  • IMF
  • ECOWAS
  • OPEC checkmark
  • OAU

The correct answer is: C

Explanation

Organisation of the petroleum exporting countries (OPEC) is a cartel organisation that ensure efficient and regular supply of petroleum & ensuring the stabilization of prices in International oil markets.

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