Basically Blah
From the BBC article "Who knows why oil prices are high"
So what is it that moves oil prices up and down?
"It's the fundamentals, stupid," says Mark Lewis from Energy Market Consultants.
The fundamentals are factors that influence the supply of, and demand for, oil.
"We really don't know what the fundamentals are doing at any point in time," Mr Lewis says.
"The markets are looking for signals from the fundamentals. Some of them are irrelevant, some of them are wrong, some of them are meaningless, but they affect prices nevertheless."
Believe me this two paragraphs are from the same article which finally says no body has any clue why the oil-prices have gone high. Another case of a confidently confused analyst. Wish I got a job like Mr. Lewis that pays me for uttering gibberish.