Oil prices drop as U.S. loses top AAA rating
Photo caption: Oil Moody’s downgraded the U.S. credit rating from AAA to Aa1, causing concerns about government debt and interest payments, which led to
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Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.
For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.