Here’s What Drives The Price Of Oil | CNBC

CNBC

May 16, 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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