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www.reference.com/world-view/economic-factors-effect...

Economic factors that affect petroleum oil prices include crude oil prices, geopolitical events and economic events. As of 2015, petroleum prices are also affected by the actions of OPEC. The price of crude oil is the primary factor that affects petroleum oil prices.

www.investopedia.com/articles/investing/072515/top-factors...

A look at the factors that affect the price of oil, and how the price affects the economy from family budgets to corporate earnings to the nation's GDP.

bizfluent.com/info-8621442-factors-demand-supply-oil...

Crude oil supplies are crucial to the operation of developed countries, with 84,249,000 barrels consumed globally each day as of 2009. Because of the importance of oil supplies, fluctuation of oil prices can have a great effect on the global economy. The standard economic principle of supply and demand, based around ...

blog.smarttouchenergy.com/factors-affecting-oil-prices

Crude oil is a global commodity, so what drives crude oil prices tends to be large events or supplies that are large enough to be cost-effective when sent anywhere in the world. The crude oil market is very dynamic, and many forces compete to drive its cost up and down. Factors influencing crude oil prices include: Current supply and output.

www.thebalance.com/how-are-oil-prices-determined-3305650

Oil prices also increased $10 a barrel in July 2006 when the Israel-Lebanon war raised fears of a potential threat of war with Iran. Oil rose from its target of $70 a barrel in May to a record-high of $77 a barrel by late July. A review of oil price history explains what makes oil prices so unpredictable.

oilprice.com/Energy/Oil-Prices/The-Oil-Industry-And-Its...

Oil is Power! The oil industry has a massive effect on Global Politics and as demand and oil prices have increased, politicians have been taking extreme measures in securing

www.eia.gov/finance/markets/crudeoil/spot_prices.php

Energy & Financial Markets WHAT DRIVES CRUDE OIL PRICES? ... Both crude oil and petroleum product prices can be affected by events that have the potential to disrupt the flow of oil and products to market, including geopolitical and weather-related developments. ... the influence of these types of factors on oil prices tends to be relatively ...

www.eia.gov/finance/markets/crudeoil

What drives crude oil prices: Overview. EIA assesses the various factors that may influence crude oil prices — physical market factors as well as those related to trading and financial markets. We describe the seven key factors that could influence oil markets and explore possible linkages between each factor and crude oil prices.

blogs.imf.org/2016/03/24/oil-prices-and-the-global-economy...

Chart 3 is suggestive of a depressing effect of low expected oil prices on expected inflation: it shows the strong recent direct relationship between U.S. oil futures prices and a market-based measure of long-term inflation expectations. Being near the zero bound also can imply a “perverse” response to higher oil prices.

oilprice.com/Energy/Energy-General/Factors-that-Could...

Factors that Could Threaten the Oil & Gas Industry in the Future ... National and global economic conditions were the second most highly-cited risk factor for 2012, accompanied by increased supply ...