us oil import prices 2000–2021\noil price per barrel\na global economic recession, or decline, affected…

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

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

Answer

Explanation:

Step1: Locate 2008 on graph

Find the year 2008 on the x - axis.

Step2: Observe price trend

See that the oil - price curve starts to go down after 2008.

Answer:

It began to decline.