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

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

  • A.
    IMF
  • B.
    ECOWAS
  • C.
    OPEC
  • D.
    OAU
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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