Why would a shortage of OPEC oil at current market prices increase oil prices?

The price goes up if the demand is high

A surplus or a shortage of a good or service affects the market price directly. When there is a surplus, the prices goes down and when there is a shortage the price increases due to the demand levels. ...

A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage. ...

The increase of demand and the shortage of supplies or service.

Stock market prices are constantly changing. To find out more information about current stock market prices I suggest you go to en.wikipedia.org/wiki/Financial market where you will find the information you are looking for. ...

it depends upon the demand of the people.... if demand of a particular commodity increases then the supply will automatically increase and in case of shortage, the suppliers would raise the prices of that specific good. ...

Increase profit, keep pace with market prices

Prices increase because things have been destroyed and there are not as many of them as before on the market. ...

This theory holds that money has a directly proportional relationship with the price level in the current market; that more money circulating would increase prices. ...

When demand is greater than supply a supply shortage or scarcity arises and prices increase. ...

demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices. ...

Various websites including Google, Yahoo and CNN have information about the current stock market prices. Previous prices and trends are also available to view. ...

The price of stamps went to $.42 this past Monday.

Two bad crop years caused a shortage of grain and an increase in bread prices and taxation. ...

It is when only one company controls the supply in the market allowing them to control prices which may cause an increase prices for consumers. They will be forced to pay higher prices as there are no substitutes for the product. An example would be Microsoft operating in Europe. ...

Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity ...

A list of current stock market prices can be found through trade sites as well as the New York Stock Exchange site. Prices are always fluctuating so it is best to check often. ...

the utility to a producer from living in a market where a greater quantity will be supplied when prices increase ...

Fidelity.com specializes in buyings and selling stocks. They are connected with several resources who all specialize in keeping track of the stock market and current prices. ...

dollar value at current prices

Shortage gaming is the unethical practice of limiting production to force higher prices. ...

When the nominal GDP increases it implies that prices have increased. Nominal GDP is current prices and real GDP takes prices changes into account. ...

Current money markets rates are mostly based on current stock market prices. It goes up and down daily so you can check your bank often in order to get a good rate locked in. ...

Prices of goods used to increase with the cost of ingredients, cost to produce them, and maybe if there was a shortage. In our times, a company that purchases a product may raise the price to the value they perceive it has. ...

Current brass scrap price is around 1.60 +/- per pound. Prices are fluctuating due to market conditions. ...