Here’s What Drives The Price Of Oil | CNBC
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- Опубликовано: 15 май 2018
- President Donald Trump's decision to pull out of the Iran nuclear deal could rattle the oil market, but there's a lot more to it than just that. There are many factors in play when it comes to how prices are determined. Crude is influenced by three major factors: supply, demand and geopolitics - and all three play a big role in how much Americans pay at the pump.
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Here’s What Drives The Price Of Oil | CNBC
Here after us oil goes below 0$
BOY YOU AIN'T SEEN NOTHIN' YET!
Damn it man I started to clean my monitor and found out its not dirt
LMAO SAME
I thought my phone screen had a burn-in
Oil dropped 300% today..
Send this to Joe Biden so he can understand how oil prices work
What a beautiful voice!
COMPLETE PROPAGANDA!!! What drives prices is the Capital Class and it's speculation on the Commodities Markets. Supply and Demand have little meaning when there's middle men trading barrels of oil dozens of times before it's actually used.
I like how Saudi Arabia drown the market with oil when other oil producers start acting up lol
I keep saying OPEC runs it all! No doubt the biggest influencer to date.
Please do one on the London metal exchange
So if we stop buying bacon.......just a hypotenuse.....
And yet oil is not cheap at the pump
It is now my brother!
The Price at the Pump arent influenced a lot by the price of oil, mainly about the production of Petrol or Diesel
Nice vídeo!
The music makes it impossible to accept this video
Greed... that is all that drives them.
Irritating background music
British frigates are escorting oil tankers to England ? add 2% to price of oil if this is necessary
This is why we need companies like Tesla more than we know.
Tenac 300 they are electric car company so no need for oil.
dan a tesla cars are expensive af. I’m not buying one lmao
lol major Tesla sales happen in California and people buy these ridiculously expensive car just to make a statement that they are green avg person across the world still buys gas or diesel cars
@@dana-pf1bw you know oil is not only used for cars
Tesla facilities run on oil to help operate there assembly line 😂 so they rely on oil to. Just because there electric doesn’t mean they fully have no need for oil 🤷🏽♂️
The music is so distracting from such good content
Consumers set the price of gas and everything else… during the height of the pandemic gas prices were low because people where not driving as much if more people are using electric vehicles the price of gas will go down…
Yeah but also don't forget that Saudi an Russia flooded the oil market as the world was shutting down. "To me" that was a economic attack on the U.S oil companies because we had been growing output massively since 2010. I believe 107 oil companies went bankrupt in 2020
If more people use electric vehicles, then the price of lithium will go up, and then we will complain lithium is too expensive to build cars.
@@badluck5647 I understand what you’re saying but it would be some type of government tax..
song ?
Scrapper - The Spankies
And global warming isn’t being worried because oil is so valuable
In other way Russia making a smart move. I believe there is not much loss for Russia because they buying oil from Venezuela and Iran., Where as Saudi making their own. It's real a oil price war. 👍
Man I miss Trump now....
I got nothing from that which I didn't already know. However, I'm sure that was a good primer for others.
Its all supply and demand.....
More to it than just the supply and demand factor, Boomer. If you would read and study the market you would find an interplay of governing bodies can forcibly and involuntarily manipulate this and other highly vulnerable areas. Shipping, delivery, refining, support services, ....the list is endless.
Volumes have been written and re-written in the face of ever changing geo political climates.
What about production cuts which happens a lot, it's all a manipulated racket!!
Why not just keep pumping and pumping? Drive the costs down?
I don’t think that’s sustainable. Why would you pump if no one was waiting to purchase?
@@vintagevibes1974 They need to pump until the cost goes down per barrel and more barrels are purchased. The demand is there. Just let the friggin oil companies drill.
@@jeremylakenes6859 I think they both agree that their interests are above ours. The oil companies raise prices and the government still taxes.
Boom and busts inevitable. Yes, the bust is coming. Just be prepared and you can ride it out!! 😎😎😎
Still waiting
Baloney. Prices are controlled by the futures market. How do I know this? As a small oil producer, the price I get is completely determined by the monthly average WTI price. I have no control over prices. Supply and demand are artificial numbers supported by statistics from the IEA and EIA. Furthermore, a market dominated by government oil companies cannot be fairly evaluated because they have no profit motive.
Hey can you please explain in details how spot and future price of oil are related?
Is your company still in business? The fake Saudi and Russia oil war took so many U.S oil companies out. Because they are Goverment owned businesses, they did not mind making the futures go negative for awhile. Noe we all are paying the price for that
Let’s not forget the Tanker Wars in the mid-80’s.
SOMEONE EXPLAIN TOO ME SOMETHING PEOPLE BUY MILLIONS OF DOLLARS OF GAS A DAY SO WHY DOES IT HAVE TOO BE HIGH AT THE GAS PUMP ITS LIKE WALMART HAS LOW PRICES CUZ THEY SELL A LOT PEOPLE BUY GAS CONSTANLY SO A LOT OF MONEY IS BEING MADE RIGHT? IS IT GREED?
Ok so i have a question, fuel, for cars is a commodity, like sugar wheat, barley silver gold. The prices of a commodity is managed so that there are not massive fluctuations on price. Why is it, fuel is allowed to be set higher sell price on a weekend, and why is it illegal to start an independent fuel supplier and sell for your own prices, in order to establish competition, which currently fuel price fixing between biggest suppliers is common practice. If canadian dollar went up to 4$ canadian on a weekend would you not suspect some bulshit was going on behind scenes? we'll think about that. Why is fuel aLLOWED TO BE PRICE MANIPULATED? AND WHY ARE FUEL SELLERS NOT ALLOWED TO SELL AT ANY PRICE THEY WANT?
1. On weekends more people go to holidays or just outside to enjoy with family or friends, so more oil demand = more profit on weekends, if you add higher price with higher demand (which most likely will be interrelated), you simply get more easy money.
2. If you sell at your own prices there will be high irregularities and it may reduce the profit of the firm because of a price war.
@@rakshitchauhan5228 Of course, i know this. But why is it legal, and allowed. its price fixing. You don't see smokes, or booze, or pop go up on weekends and holidays, why is fuel one of the few exceptions to the rule, that's what i was asking.
@@whoispriest I think it's because oil is produced worldwide How can any country control what all the other countries are doing?
@@MikeSmith-cl4ix easly, by threatening sanctions or military action against them,, with exception of china, russia, UK, every other oil producing nation on earth, are governed like it or not by opec. and therefore usa. aND IF YOU CARED, IT WAS A RHETORICAL QUESTION
@@edwardclermontt6170 okay but I'm sure you can understand how important it is to keep the oil flowing freely in the world. We have a population a billions of people in this world and they all like to eat without the oil that wouldn't be possible.
Country that's hold oil should always be prepared if the opposition attend to attack their oil supply area which will lose oil and huge damages to the country
Blyat, US drops oil prices and we suffer becoes of it! (Look at graph of GDP of Russia, bigger fall in 2014 than in 2008, despite us literaly having mass wildfires all acros the country on top of other stuff in 2008)
F them I brought my second Tesla the past 9yrs!!🤭👏
What’s going to happen eventually with electric vehicles eventually the government will charge to use the electricity. If you think that you can charge up your vehicle down the road for free you are kidding yourself that will never happen they’ll charge somewhere somehow they have to tax it because they have to build the infrastructure to support the electricity it cannot be for free
ahaha, for cnbc, was it better to continue giving money to the iranian government? hahahahah
The US is not the worlds largest oil producer, a lie that is told over and over again. The US is the worlds largest oil consumer, not producer.
3:53 more recent Trump killed Iran commander 😄
geopolitics???? -----nonsense !!----n onsense
You forgot to mention Brandon closed down a pipeline to move oil from Canada, the canceling of oil leases on federal land and that Brandon is challenging a ruling to expand production in the Gulf of Mexico. At the end of President Trump's administration, oil production in the U.S. was 13 million barrels a day, heading toward 15. When Brandons' policies went into effect, production dropped to 11 million. 1st grade economics: supply goes down, demand goes up, prices increase. It is not the Federal government's job to force the population to buy electric cars, which by the way use more energy to produce than gasoline powered cars....Absolute insanity.
Trumps presidency gas was low low. Now biden gets in and they soar back up. Not a coincidence
FAke news
This video didn't age well.....
Hahahhahahshaaaa