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: However, American shale oil production doubled between 2011 and 2014, driving down the price. OPEC’s response has been to increase supply and drive down the cost per barrel, which is cutting into the affordability of U.S. shale production. All of this means you’re likely going to see lower home heating oil prices relative to the late 2000s. Future supply and reserves. Large oil-producing and oil-consuming countries tend to have reserves of crude oil to keep their economies going in the event that oil prices spike. Oil is stockpiled when the price is low and then spread through the economy to keep prices down when the resource becomes scarce. The U.S. has its Strategic Petroleum Reserve that can be tapped easily, while oil-related allies such as Saudi Arabia also have large reserves that can be tapped. Demand from major countries. The price of crude oil jumps when there is a larger demand, and that tends to happen at the beginning, middle and end of the year. Winter — covering the beginning and end of years — can see oil prices climbing as consumers demand more oil for heating their homes and businesses.