Aug 12 2010

What is the current price of crude oil?

Category: Energy & Fuel

Answer:

Several factors affect the price of crude oil including speculation, supply & demand, oil reserve levels, and OPEC production quotas. The current price of crude oil is located on the left. The price quoted is actually on following months delivery schedule. One crude oil futures contract equates to 1,000 U.S. barrels (42,000 gallons).


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