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: 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. 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.