World Oil Prices

World oil prices are expressed in US dollars per barrel, and the strength of the US dollar can affect the price of oil depending on what currency you are trading in. Depending on the strength of the US dollar, people can leverage currencies to gain an advantage when buying or selling oil.

World oil prices are always affected by supply and demand, and there are many challenges when participating in the oil industry. As new economies emerge, the challenge of keeping up production and potential political strife occurs, it is important to a large variety of fields to monitor world oil prices.