Can anybody tell me why did oil prices rise?

i want to know when the did oil prices strated to rise. Did it begin to rise cause of the war?Can anybody tell me why did oil prices rise?
Oil prices rise for a number of reasons. Most of them are tied to the price of futures on the commodities market. People/companies buy and sell futures (or the rights to future supplies) almost the same way they buy and sell shares of companies on the stock market. Basically, any event that may impact the demand for oil (increased summer driving, emerging economic markets like China, and many others), or any event that may impact the supply of oil (decreased production, war in oil producing nations, etc) can cause the prices to rise.





As with any market, the price may not truly reflect the actual supply or demand at any given moment. The price is more linked to trader's expectations about supply and demand.Can anybody tell me why did oil prices rise?
Under the Clinton administration oil prices kept down because of his relationship with oil producing nations that weren't part of OPEC. When OPEC cut oil production. Other nations like Venezuela, Nigeria and even Saudi Arabia( an opec member) increased production. So OPEC really was at a disadvantage and the cut was short lived. Under the Bush administration the relations with the non opec nations has soured he is not to well liked globally. He defied the United Nations and started the Irag war. He gave a blank check to the Oil and Military manufactures in the US. Why? Because he and others in his adminstration have financial interests in these industries. Two industries that made very little money when Clinton was in office. Second is the economy in China. They have thrown away their bicycles and now can afford cars. I think China pays less then half of what we pay for a gallon of gasoline. If they paid what we pay they would go back to the bicycles. The present administration is directly responsible for your high oil prices its that simple. The American public can do much to drive those prices down but are to ignorant to try. If you drive your vehicle at 55 mph you will save a minimum of 15% to a maximum of 23% fuel per gallon. If we do it natonwide just think about how much less the oil companies will sell. Prices will come down. Supply and Demand. More Supply and Less Demand. And a Much Cleaner environment. But the American driving public is to ignorant to do it.
The reason is falling US dollar.


Real truth is little bitter. US dollar is going down. we are loosing in the world market. We import more and export less. To know the debt we have to pay just click the link below.


OPEC ( Organization of the Petroleum Exporting Countries) As per the agreement in 1998 OPEC has to sell oil for US dollars only. As US dollar is going down OPEC countries are loosing money as they are getting less money for their oil. Because US is super power they are still selling oil for US dollars, facing huge loss by selling oil for US dollars. If OPEC members starts to sell oil for other world currencies dollar value may fall suddenly.


Countries like China and India exporting goods to US to get US dollars. With these US dollars they can buy oil. If OPEC starts selling oil in other currencies nobody is interested to export goods to us. Thus we may go further down. Its hard to digest. But this is the truth. This is the reason we are trying to attach Iran or Venezuela to keep them selling oil for dollars. But nobody knows how long they keep loosing money.


Because of US whole world is going down as US dollar is major currency of the world and all countries have plenty of dollars with them.
That's a GREAT freakin' question!!
Posssible. Whenthe war rises the oil started to rise. they are blocking the transports to a countries needing it
Because Bush %26amp; Cheney are greedy oil barrons and they just wanted to create wealth for their future generations. The war was just a front.
Supply goes down or demand goes up. Or taxes increase.