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Crude oil is the most important commodity that's traded in the world, and is currently the primary source of energy production. Did you know that India imports 85% of its crude requirement? In fact, most countries are oil importers, since 13 countries, called OPEC countries, hold 80% of the world's proven crude reserves! In this episode of Commodity classroom, let's understand the impact of OPEC on crude oil prices - watch! #crudeoil #globalcrudeoil #commodities Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools. A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy. Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: / moneycontrol Twitter: / moneycontrolcom Instagram: / moneycontrolcom