First, falling oil prices will cause certain economic losses to countries with oil as the main resource, among which the Middle East is the country with oil as the main resource, which is the most important organization of oil exporting countries in the world, among which the United Petroleum Organization is the largest Qatar organization in the world, which has a large market share in commodity oil and can be said to be very strong. This time, the national crude oil futures price fell below 100 USD, which is actually a big blow to the local tyrants in the Middle East who were enjoying the happiness brought by high oil prices not long ago, because oil actually accounts for a large proportion in the local GDP. The downward adjustment of oil prices this time has a natural impact.
Second, for some countries that are not dominated by oil resources, it will promote a certain degree of economic development, which is actually related to supply and demand. Once the oil price drops, the demand for oil will increase, and the economic development brought by the increase in oil demand has its own chain, from oil transportation to customs tax collection to various gas stations, there are related interests. Secondly, the increase of oil is also conducive to people's desire to buy gasoline cars, indirectly promoting the purchase and sale of cars, thus driving economic development through car sales, and then feeding back the development of oil. Therefore, the decline in oil prices will actually promote economic development for countries that do not take oil resources as their main resources, while their own oil resources income is actually not much, mainly for their own domestic supply, so they will not be affected by commodity oil prices.
However, I still hope that the oil price will stabilize as soon as possible, which will help people live a normal life!