What makes global oil prices go up and down? | WION Originals

Whether you like it or not, global oil price fluctuations affect you. You feel the pinch in your pocket when they're up. But what causes the rise and fall of oil prices?

#Oil #OilPrices #WIONOriginals

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[kumar_anubhav]

Who the hell made that thumbnail, looks so unprofessional. Such a low quality work.

[dhanamatishamal]

It's only going up ...never going down.

[Nabraska]

Oil is everything in our society.. we have our modern way of life because of oil .. we have our population level because of oil.. so what happens when it starts to decline in production.. we peaked production in 2019 according to shell .. so as oil goes so does everything else .

[Kasungukid]

Simple the machines drilling oil is going up and down as well 😂😂😂😂😂 jst kiddin

[normlor]

THE SAME OIL IS IN THE GROUND BUT GREED DETERMINES HOW MUCH IS PUMPED.

[shadowknightgladstay]

The main factor here is supply and demand supply is down and demand stayed the same so oil prices go up.

[indranidissanayaka]

අපිට ඇත්ත කියන්න එතර ඉන්න හැම ජනපති වෙිරුනි අපිට මෙි ප්‍රස්නෙ විසදගන්න ඔබ සැමට ස්තු කරනවා

[asleepawake]

Just keep replacing oil, use alternatives and renewables, tax the heck out of oil.

[VP]

Same way other countries should unite and do tit for tat with OPEC on other products like fish, food, aircrafts and other products which they don't have.