[Retracted] Preorder of Factors Affecting Oil Prices: Fuzzy PROMETHEE Approach

Table 4

Descriptions of factors.

Factors	Descriptions
(supply)	The Organization of Petroleum Exporting Countries (OPEC) has been colossal on the world’s exchanging floors, with its oil-producing member nations cooperating to decide prices by boosting or decreasing oil production. OPEC as of now controls 40% of the world’s oil production; in this way, they still have a significant impact on the oil market [33]. Therefore, supply is one of the factors affecting oil prices.
(demand)	Solid monetary development and modern generation will in general lift the demand for oil as reflected in changing demand patterns by non-OECD countries, which have grown quickly as of late. As indicated by the concept of supply and demand, the oil price should increase with increasing demand or decreasing supply [3].
(report)	Report on creation figures, spare capacity, target pricing, and investments can be a critical factor in the setting of oil prices [34].
(political events and crises)	War, natural disasters, political change, and new government pioneers are on the whole factors impacting crude oil pricing [35].
(access markets)	The futures market of oil plays a role in influencing the spot price of oil [36]. An oil futures contract is a binding agreement that gives the privilege to buy oil by the barrel at a predefined price on a predefined date later on. Under a prospects contract, both the purchaser and the merchant are committed to satisfying their side of the exchange on the predetermined date.