What are the factors that determine crude oil prices.?

As I was told years ago, ask the right question to get the right answer. If I take your question at face value, it is not as a previous poster stated as ';supply and demand';, but more truthfully, future perceived supply or demand.





This is a global commodity with speculation and manipulation of price by traders. Like a passenger seat on a plane, not everybody pays the same price. What is reported is the spot price or the ';gotta have it now'; price. Many large institutional consumers by large futures contracts and then buy short term contracts to hedge and stabilize their costs.





Geopolitical events, regulatory changes, natural disasters or changes in pricing for other energy sources will cause fluctuations.





Currently, the growth of manufacturing capability in China and India, plus a burgioning consumer class, have caused huge demands for oil, concrete, steel, and other metals.





One thing to remember is that there is a minimal connection between actual costs of production and price for most things we consume. Perceived value is the chief determinant.





RegardsWhat are the factors that determine crude oil prices.?
Greed, and the fact it is running out.What are the factors that determine crude oil prices.?
supply and demand
boredom on your part obviously
supposedly supply and demand.

refill