6 Main Factors That Affect the Price of Crude Oil

If you take look at the price of oil over the past few years you will notice that it is always changing. For example, in April 2020 the price of oil dropped below zero but since then it went up to almost $100 per barrel.

0:00 - Intro
0:49 -The Production Costs
1:28 - The Transportation Costs
1:58 - The Type of Oil
2:49 - Demand
3:40 - Supply
5:10 - Market Speculations

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Disclaimer: The following video is for educational purposes only. All rights are reserved.

[sen-owub]

I feel that the particular main reasons you mentioned are very important for the price of crude oil to be fluctuating in the market. Thank you so much for posting this video of yours. In addition you have to post new videos related to crude oil and gas every day in which you have to post it in English so that we can easily understand it.

[allinonebyakk]

1) Production cost eg: hydrogen fracturing
2) Transportation cost
3) Type of oil
Light API GRAVITY IS HIGH BRENT WTI
4) SOUR- SULPHUR
SWEET
5) Country to country
Weather, developed countries use more
6)Demand
7)Supply
8) Speculation

[jimhenry]

The main affect on oil pricing?
Goldman Sachs.