|oil news live||0.95||0.7||2254||84|
|oil news gy||0.81||0.3||749||83|
|oil news api||1.1||0.7||4969||97|
|oil news ca||1.83||0.5||7232||73|
|oil news eia||1.18||0.6||8420||82|
|oil news fx||1.18||0.6||5209||45|
|oil news uae||1.37||0.3||1520||5|
|oil news usa||1.35||0.6||8271||78|
|oil news wti||0.8||0.9||5538||1|
|oil news $100||0.61||0.6||8069||53|
|oil news 2020||0.28||0.3||1225||82|
|oil news 2021||1.32||0.1||1743||63|
|oil news 24/7||0.92||0.4||9597||19|
|oil news cnbc||0.14||0.8||8933||85|
|oil news eni||1.27||0.7||4719||41|
|oil news enid||0.61||0.9||7586||64|
|oil news news||1.47||1||5594||10|
|oil news sask||0.09||0.8||6498||26|
|oil news today||1.04||0.7||9195||53|
|oil news today opec||1.4||0.8||2940||48|
In some cases, wholesale oil prices go up because the producers simply choose to make it less accessible, such as by restricting the output volume. However, a variety of other situations can also lead to increases, including civil turmoil and natural disasters.Why are gas prices rising?
Weather events like hurricanes can cause gas prices to rise. The price of oil can significantly impact the price of gas. Gas price hikes can be caused by fears over shortages, seasonal demand spikes, and production decisions made by oil cartels.What is the world oil market?
Crude oil, also known as petroleum, is the world's most actively traded commodity. The largest markets are in London, New York and Singapore but crude oil and refined products - such as gasoline (petrol) and heating oil - are bought and sold all over the world.