I must admit this one topic even had me mesmerized. The Reason was for few months I had heard oil prices falling constantly(it fell from 110$ to 40$ per barrel) & now suddenly the rise. To understand why this is happening the first step will be to understand why the prices fell in the first place. So let's begin... Many people write off the oil price fluctuations to Dollar fluctuations, that used to be the case earlier. Now however, the scenario has changed. A lot of other things have come into play & I would rather say dollar fluctuations now play a negligible role in oil prices fluctuations. Oil prices depend on 2 factors : Expectations & Demand-Supply play. 1.Demand-Supply play: First let's analyze demand-supply play because that is the main factor in this falling prices. Previously, US used to import oil from UAE, Iraq & Iran. But recently, US started producing oil itself & stopped importing oil from these countries which led to additional s