While the majority of the world will lament the increase in oil pricing, there are a few individuals that welcome the increase in oil pricing.

	Oil Pricing and Profit Commodity traders bid on oil futures contracts and thus are responsible for oil pricing.  Some of the factors they look at when bidding include production quotas set by OPEC, current output supply, oil reserves, and oil demand.  High quality oil, or “sweet” oil, is one that is lightweight and contains minimum amounts of sulphur.  Because of these properties, it is ideal to use for gasoline.  From West Texas Intermediate, this oil is the benchmark for America.  It is priced at approximately $5-6 per barrel.  Brent Blend is also a high quality fuel that is ideal for gasoline use.  This oil is usually priced at about $4 per barrel. More

	Who Makes Money on Oil While the majority of the world will lament the increase in oil pricing, there are a few individuals that welcome the increase in oil pricing.  This can include any type of oil from crude oil pricing, fuel oil pricing, heating oil pricing, and more.  Yes, the owners of the oil companies always welcome the increase in oil pricing, as this mean that their companies are making money, but you don’t need to be a CEO to benefit from an increase in oil pricing. More

	How Oil Prices Are Determined Crude oil prices have a powerful influence on the global economy.  Fluctuations in the prices of crude oil can send tremors through global stock markets and influence the fortunes of crude oil investors.  Crude oil price hikes have an adverse effect not only on the business and industrial sectors, but also on common people.  It causes inflation, a rise in crime rates, unemployment, and economic imbalance. More