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What are the reasons NYMEX crude oil goes up and down in price?
Wiki User
∙ 10y ago
There are many reasons why NYMEX crude oil goes up and down in prices. This includes the level of production from crude oil suppliers as well as world events and government policy.
Wiki User
∙ 10y ago
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What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
Why natural gas price are increasing?
Because its expensive to build power stations and transport but once people use crude oil less then it will go down because money would go into natural gas production instead of crude oil
What is right Marked down price or mark down price?
marked down price marked down price
How is the price of oil reflected in the price of gas?
There is a pretty good piece on MSNBC that explains how gas prices are set. It is written in a "FAQ" format and does quite a good job of breaking this down for the layperson. I think some of the material may have actually creeped into a report on Friday's NBC Nightly News (link to netcast-not sure if it works). Ultimately, the price of gas prices is set by the price of crude oil on the futures market, which (I believe) is out of the hands of grandstanding politicians. If this much gets through to the public, I'd say we've made progress. The problem however, is that, in the eyes of the public, we've just replace one mystery (gas prices), with another (crude oil prices). The fact is that the futures markets is opaque. Sure, financial news services come up with narratives about why the futures do what they do, but they never really cite any evidence for them. Does anyone, even the wise readers of the The Oil Drum, really know the true reasons why crude oil prices are high? Is it because the supply of crude oil is diminishing? Anxiety over Iran and Nigeria? Mere speculation by investors? Chances are that it's all of these things. Investors do things for all kinds of reasons, and they certainly don't act as a monolithic block.
Why is gas price high when barrel of oil is down?
I have included several links, which show an inexact relationship between gasoline price and oil price. There are other variables like crude oil inventories at play, so an exact relationship does not exist. If the data is smoothed over a 4 week period, a linear relationship presents itself. See related links.
Why crude oil price reduced in 2008?
As a result of a downturn in the worlds economic activity the demand for crude reduces causing the price to go down.
Why has the technetium price gone down?
credit crunch and it relys on a price of barrell crude oil which we all know is really expensive and therefore it has a negative affect on it.
is oil etf, main price controller for international crude prices?
It is mostly the main cause of the international crude prices. There is also a factor with the current trading conditions that are currently happening. For example, bad weather can affect the price, an oil shut down can also effect the price.
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
Why natural gas price are increasing?
Because its expensive to build power stations and transport but once people use crude oil less then it will go down because money would go into natural gas production instead of crude oil
What is right Marked down price or mark down price?
marked down price marked down price
How is the price of oil reflected in the price of gas?
There is a pretty good piece on MSNBC that explains how gas prices are set. It is written in a "FAQ" format and does quite a good job of breaking this down for the layperson. I think some of the material may have actually creeped into a report on Friday's NBC Nightly News (link to netcast-not sure if it works). Ultimately, the price of gas prices is set by the price of crude oil on the futures market, which (I believe) is out of the hands of grandstanding politicians. If this much gets through to the public, I'd say we've made progress. The problem however, is that, in the eyes of the public, we've just replace one mystery (gas prices), with another (crude oil prices). The fact is that the futures markets is opaque. Sure, financial news services come up with narratives about why the futures do what they do, but they never really cite any evidence for them. Does anyone, even the wise readers of the The Oil Drum, really know the true reasons why crude oil prices are high? Is it because the supply of crude oil is diminishing? Anxiety over Iran and Nigeria? Mere speculation by investors? Chances are that it's all of these things. Investors do things for all kinds of reasons, and they certainly don't act as a monolithic block.
What are the down falls of crude oil natural gas and coal?
Natrual is nonrenewable.
What is the difference between crude palm kernel oil and refined palm kernel oil?
Crude oil is the naturally occurring flammable liquid found deep down beneath the earth surface especially in rock deposits. It contains a mixture of hydrocarbons each with different boiling points.Refined oil is what is obtained after crude oil has gone through a process of 'fractional distillation' or other similar procedures which reduces the original crude form to simpler hydrocarbons which can be obtained in a fractional distillation column at different stages depending on the temperature of each constituent hydrocarbon.
Is the NYMEX a good exchange?
NY MEX is a good stock market share right now, but that changes because it goes up and down. You can keep up on the stock if you look on E Trade and sign up for alerts.
Why do stock prices fall?
one reasons is the way the investors speculate share prices. then the marketforces. if the economy is booming te share price go down.
Why is gas price high when barrel of oil is down?
I have included several links, which show an inexact relationship between gasoline price and oil price. There are other variables like crude oil inventories at play, so an exact relationship does not exist. If the data is smoothed over a 4 week period, a linear relationship presents itself. See related links.
