Explain the major events that have led to the volatility in Crude Oil prices during the last 3 years.

Over the past three years, several significant events have contributed to the volatility in crude oil prices. Crude oil, being a highly traded commodity, is subject to various geopolitical, economic, and environmental factors that can influence its supply and demand dynamics, thereby impacting its price. Here's an overview of some major events that have influenced crude oil prices over the last three years:

1. OPEC+ Production Cuts: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been implementing production cuts to stabilize crude oil prices. These production cuts, aimed at reducing global oversupply, were initiated in response to the sharp decline in oil prices ______ ______ _______ _________ ___ ____ _____ ________ _____ ________ _____ ___.
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