Title: Why Do Oil Prices Rise & Fall | Resources | Smart Touch Energy
Headings: Why Do Oil Prices Rise and Fall?
Why Do Oil Prices Rise and Fall?
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What Affects Oil Prices?
2. Crude Oil Costs
3. Supply and Demand
4. Futures and Commodities Traders
5. Changes in the Energy Industry
6. Seasonal Demands
7. The Weather
8. Natural Disasters and Politics
9. Your Neighborhood
10. Extra Factors: Pricing Surges
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1. Organization of Petroleum Exporting Countries

Content: Hurricane Katrina caused a large price increase in 2005 when it destroyed hundreds of oil and gas platforms and pipelines. 3. Supply and Demand
The law of supply and demand is a basic rule in oil economics and a major factor when it comes to price. Demand refers to the amount of a product consumers want and are willing to pay for. Supply refers to how much of a product is available. The relationship between supply and demand affects all commodity prices, including oil. Here are a few examples of how supply and demand work: High supply and low demand equals low prices: When the supply of a product increases, the price goes down. When the price goes down, the demand goes up because consumers want to pay a lower price.