GLOBAL OIL MARKETS AND PRICE FLUCTUATIONS REALITY AND PROSPECTS

The research aims to identify global oil markets and the reasons that lead to fluctuation in their prices during the period .The study relies on the descriptive analytical method, and it was concluded that there are many components of the global oil markets and factors that affect the production, supply, and prices of oil, and the influencing factors are not always clearly visible or interpretable, and many parties intervene in the oil market that affect the demand and supply of oil, which It is reflected in its prices.The greater the volume of supplies pumped into the markets, the lower the price, and vice versa.But supply and demand are not the only factors.There are other factors, including economic, political and social factors.