http://askalandman.com/how-crude-oil-prices-are-decided-in-international-market.htm Questions and Answers Sun, 20 May 2012 00:01:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://askalandman.com/how-crude-oil-prices-are-decided-in-international-market.htm/comment-page-1#comment-7466 SDD Wed, 14 Apr 2010 00:28:58 +0000 http://askalandman.com/how-crude-oil-prices-are-decided-in-international-market.htm#comment-7466 The process is that there are people who bid every day on the spot and futures markets. The balance of demand between buyers and sellers determines the price. A year ago buyers were willing to pay a lot for future deliveries. Today they are not. If/when that sentiment changes, the pricing will also. The process is that there are people who bid every day on the spot and futures markets. The balance of demand between buyers and sellers determines the price. A year ago buyers were willing to pay a lot for future deliveries. Today they are not. If/when that sentiment changes, the pricing will also.

]]> http://askalandman.com/how-crude-oil-prices-are-decided-in-international-market.htm/comment-page-1#comment-7467 kira (4th account) Wed, 14 Apr 2010 00:28:58 +0000 http://askalandman.com/how-crude-oil-prices-are-decided-in-international-market.htm#comment-7467 it largely depends on consumer sentiment and the general state of the economy, larger demand in a helathier economy drives supply and price up, and vice versa. price is also influenced by opec who will adjust prices for maximum profit. it largely depends on consumer sentiment and the general state of the economy, larger demand in a helathier economy drives supply and price up, and vice versa. price is also influenced by opec who will adjust prices for maximum profit.

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