International Oil Price Trends and Supply and Demand Factors
- 1As of 7:45 a.m. ET today, oil is trading at $107.29 per barrel.
- 2Oil prices fell 75 cents compared to yesterday morning and rose $44 compared to one year ago.
- 3Oil prices are primarily determined by supply and demand and can change rapidly depending on risk factors such as war or recession.
So what's the key point?
Oil prices fell 75 cents from yesterday to trade at $107.29 per barrel. Because oil prices are determined by supply and demand, they can change quickly based on risk factors.
Source Fortune · View original ↗
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