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A major influence of crude oil prices is the price of oil to export it from other countries. It also has to depend on the relationship countries have with each other.

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Q: What is the major influence of crude oil prices?
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Why crude oil prices falling?

Crude oil prices are falling because of oil shale drilling in the United States.


What is today's oil prices?

The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.


What is meant by the term market power?

Market power is an often used term in studying economics and understanding why things happen in the business world. Generally speaking, market power means that a company or an industry can influences prices of various products. A large oil company for example, can influence market prices of crude oil by pumping out an unusual amount of crude oil for the market place. This in its course will lower crude prices.


Where can one find a chart for crude oil prices?

You can find a chart for crude oil prices online at the Oil-Price Network website. Once on the page, click on "Crude Oil" in the left navigation menu to bring up the charts.


What is the major element in crude oil?

the constituents of crude oil are FEUL OIL,LPG, NAPHTHA,GASOLNE ETC


What is today's price on oil?

The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.


Are raw material impacted by crud oil fluctuation?

Yes, raw materials can be impacted by crude oil fluctuations because oil prices can influence the cost of producing and transporting raw materials. For example, materials like plastics and chemicals that are derived from oil may see price changes based on the fluctuations in crude oil prices. Additionally, transportation costs for raw materials can also be affected by changes in oil prices.


Brent index is associated?

Crude Oil prices


Will gas prices go up again this summer?

Due to higher demand in summer, prices tend to go up. Also, accessibility of crude oil is a major factor.


What have crude oil prices been in the past 2-5 years?

Here are the average per-barrel prices for crude oil:2005: $50.282006: $59.692007: $66.522008: $94.042009: $56.39


What were the prices in 2007 for oil?

The average price of a barrel of crude oil in 2007 was $66.52


What is the major export Venezuela?

Crude oil.