Oil prices are determined by supply and demand factors globally, OPEC makes production decisions based on COVID-19 forecasts and its impact on demand, and oil prices have fluctuated in different countries over the last 8 months as the pandemic impacted economies and travel.
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Oil prices are determined by supply and demand factors globally, OPEC makes production decisions based on COVID-19 forecasts and its impact on demand, and oil prices have fluctuated in different countries over the last 8 months as the pandemic impacted economies and travel.