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Which of the following can cause oil glut in the International market?

Which of the following can cause oil glut in the International market?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Excess demand over supply
  • B Under- capacity utilization
  • C Excess supply over demand
  • D Economic boom
Correct Answer: Option C
Explanation:
Oil glut is a Market situation where the supply of a good or service far exceeds its demand, usually resulting in a substantial fall in its price.

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