Crude Oil Price

Crude oil prices are the most important determiner for all residual products, from the price of petrol to the cost of a plane ticket. As in all commodities, the global supply and demand affects the overall price, and many factors influence how oil suppliers bring crude onto the market.

Well-known issues facing oil companies include political tensions and dwindling oil reserves, but there are also considerations such as transportation, refining costs and overall market concerns such as fluctuating currencies. The crude oil price has a lot of baggage by the time it reaches the consumer.