I think it might be false because of occasions that take place such as an oil spill or natural disasters. This will certainly cause rise in oil prices because of it gift scarce or if people are desperate for gas they are willing come pay any kind of price because that it in time of need. 
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Global occasions often affect oil price so it is false the oilprices are rarely influenced by worldwide events because. An good example that this isthe Gulf War.

You are watching: Fortunately, oil prices are rarely affected by global events.

 

To add, The Gulf War , codenamed OperationDesert Shield for operations causing the buildup of troops and also defenseof Saudi Arabia and Operation Desert in its combat phase, was a war executedby the alliance forces from 35 countries presided over by the UnitedStates against Iraq in response to Iraq"s invasion and also annexation the Kuwait.


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