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: Because we need commodities, we are willing to pay for them even when their prices go up. Here are common reasons oil prices rise and fall, so you know what to expect when the seasons change or if tension builds between major oil-producing countries. 2. Crude Oil Costs
Crude oil pricing is often what influences heating oil prices the most. When looking at heating oil prices from the 2004-‘05 winter to the winter of 2013-‘14, crude oil represented 58% of the cost of each gallon of home heating oil. Distribution and marketing followed at 26% of the cost, and refining costs and profits accounted for the final 16%.Crude oil is a global commodity, so what drives crude oil prices tends to be large events or supplies that are large enough to be cost-effective when sent anywhere in the world. The crude oil market is very dynamic, and many forces compete to drive its cost up and down. Factors influencing crude oil prices include: Current supply and output. Until recent years, Organization of Petroleum Exporting Countries (OPEC) often set supply through a quota system.