Rogue News
Why Do Oil Prices Rise and Fall?
In the last two years, we have seen crude oil prices fluctuate from trading at historic lows of $13.78 price per barrel in April 2020 to a new eight-year high of $111.53 in March 2022. Quite the increase wouldn’t you say? A +709% increase to be exact. Oil prices have been notoriously volatile throughout our country’s rich history. Why? Because of the long list of everchanging factors that contribute to the fluctuations of this raw material’s price.