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Why oil prices are rising today
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Oil prices are rising today according to Price Group expert Phil Flynn, oil prices are wildly fluctuating as a result of fresh concerns about Fed rising interest rates. Oil is becoming more costly for owners of other currencies due to a rising dollar. Investors' selling of banks caused global shares, which frequently move in lockstep with crude prices, to drop to a two-month low.

Oil costs fluctuate due to the laws of supply and demand, just like they do with any other good, stock, or bond. Prices decrease when supply outpaces demand, and vice versa when supply keeps step with demand.
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