As we all know, the trend of any commodity price almost depends on the relationship between supply and demand.

If supply exceeds demand, the price of this commodity will fall.

If supply exceeds demand, the price of this commodity will go up.

So is the price of crude oil, which is also affected by the relationship between supply and demand.

So the relationship between supply and demand plays a decisive role in the rise and fall of crude oil prices.

Nowadays, energy supply technologies emerge one after another all over the world, and natural gas and clean energy have begun to gradually replace oil.

The exploitation of oil has not been affected, so the output will be relatively stable, which will keep the price of crude oil stable.

How much the Fed raises interest rates will also affect the price of crude oil.

Once the interest rate is raised, the value of the dollar will strengthen, which will have a certain impact on oil suppliers and oil importing countries.

The greater the interest rate hike, the stronger the dollar value, and the greater the impact on oil imports and supplies of various countries.