Abstract
Crude oil price fluctuations and oil shocks leave real effects in the global market and thus reflected their impact in all countries of the world regardless of whether they are producing or consuming crude oil, and the study found that oil shocks occur as a result of external influences on the oil market, such as changes in factors affecting oil prices, which in turn lead to a sharp and sudden rise or fall in oil prices, It also recommends taking advantage of opportunities in which a state of relative stability is achieved in terms of prices and financial surpluses, by redirecting these surpluses towards supporting other economic activities, and increasing investment opportunities and more efficient productivity, in order to get rid of structural imbalances resulting from oil shocks.
