The rise of oil prices - Mega Essays
Rising Oil Price Essay Factors that Affect the Price of a Product ..
According to recent research, the quick changes in oil and gas prices can be directly associated to several factors, which include supply and demand, market speculation, taxes and the expense of refining crude oil into gasoline (Herbert, 2008)....
Rise & Fall Of Oil Prices In 2008 - Speculation Essays
After the initial Brexit shock, financial traders have poured back money into the commodities. This made oil prices rise with Brent crude futures trading per barrel at $48.95. This was a 37-cent increase from their previous settlement. US crude had also climbed to $48.29 per barrel, a 44-cent increase. Both the oil benchmarks were able to gain on Tuesday as the markets were able to shake off a bit of the Brexit shock caused by most voters choosing to exit the European Union.