it seems to hold on pretty well when everything else is going down..supply demand anyone? or is it just supplyIs the price of oil manipulated today?
Some believe that 20-35% of oil surge is come from speculators. so rise is not 100% because of supply and demand for oil actually.Is the price of oil manipulated today?
China use to ride bikes everywhere now they have cars, it is the demand. You add a billion drivers and gas is going to go up.
THE PRICE OF CRUDE CAN CHANGE EVERY MINUTE OF THE DAY...ITS A COMMODITY JUST LIKE GOLD,CORN AND COWS.
oil is traded on the open market like all commodities...it is a relfection of supply and demand just like any other product. oil prices will go lower if we use less or find alternatives
Naive responses above. Have you ever heard of OPEC. Oil has been manipulated by a monopoly for decades.
Demand does have an impact, but to a great degree the supply is controlled by a monopoly.
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