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us oil import prices 2000–2021oil price per barrela global economic rec…

Question

us oil import prices 2000–2021oil price per barrela global economic recession, or decline, affected nations across the world in 2008.what happened to the price of oil during this time period?○ it began to increase.○ it began to decline.○ it stayed about the same.○ it fell below $50 a barrel.

Explanation:

Brief Explanations

Looking at the "US Oil Import Prices 2000–2021" line graph, in 2008 the oil price reaches a peak near $100 per barrel, then immediately drops to around $60 per barrel. This shows a decline starting during the 2008 recession period.

Answer:

It began to decline.