Friday, October 7, 2022

Why Oil Prices Fluctuates

Most of us greet the news that oil has fallen to $50 a barrel with a shrug of our shoulders. It goes up, it goes down; no one dies.

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We fail to engage because we don’t understand what drives it either way, or how it affects us. As with all commodities, supply and demand plays a big part in its price.

It peaked in 2008, but the subsequent global downturn saw it experience one of the sharpest drops in history.

Oasdom.com - Why oil price fluctuates

Infographic by: www.jonesoil.ie

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