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Petroleum ‘glut’ in international trade means

Petroleum ‘glut’ in international trade means
  • A.
    a fall in petroleum production
  • B.
    an over supply of petroleum
  • C.
    a higher petroleum price offered by the buyer
  • D.
    a higher petroleum price demanded by the seller
  • E.
    higher prices for the consumtion of petroleum
Correct Answer: Option B
Explanation