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: Summer will also drive up oil prices as more Americans take to the roads for vacation. Political events and crises. War, natural disasters, political upheaval and new government leaders are all factors influencing crude oil pricing. For example, the “Arab Spring” unrest in 2011 pushed oil prices to a peak of $113 a barrel as unrest and protests rocked Egypt, Libya and Tunisia. They then returned to under $100 per barrel as things calmed down in June. 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.