After the economic turmoil in the fall of 2008, the oil price has been steadily and steadily increasing. There are several main reasons for this phenomenon, which were identified by specialists.
First, this state of affairs is facilitated by the gradual recovery of the world economy from the recession. Naturally, many factories and enterprises need more oil products to restore the pre-crisis level. This is also facilitated by the extremely tense situation in the Middle East, which is constantly on the brink of war, and fuel is also needed to provide the army. The increase in demand provokes an increase in oil prices. Secondly, the price rises due to the general tense situation in the Arab countries of the East. Here the political component is already included in this process. That is, the states themselves regulate oil prices so that only their interests are taken into account, but not the whole world and those countries to which "black gold" is exported. Many analysts believe that for this reason, the price of oil will continue to rise. Third, the oil market reacts very violently to news reports. Even one harsh statement can simply bring down quotes by 10%. At the same time, in many respects the panic is simply far-fetched, even taking into account the situation in Libya in 2011. But those who fuel it are clearly aware of the consequences, which are expressed in the inevitable rise in prices for “black gold.” Fourth, financial speculation also affects the rise in oil prices. Currencies are losing value and, as a result, investors prefer to invest in the energy sector. Further, there is an increase in demand for futures, which again leads to an increase in the price of oil and oil products. Fifth, the world's oil reserves are gradually coming to an end. Forecasters or professional economists say little about this, but it is no longer possible to hide it. The ever-increasing growth in demand leads to an increase in the production of petroleum products. This has a very negative effect on world reserves, which are no longer able to meet growing consumption. All this causes an inevitable rise in prices.
