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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

  • A. IMF
  • B. ECOWAS
  • C. OPEC
  • D. OAU
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Correct Answer: Option 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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now