There are many factors that affect oil prices, such as: 1. Supply and demand. When there is a significant change in market supply and demand, oil prices will rise or fall. For example, when supply is less than demand, oil prices will rise; 2. Storage capacity of crude oil.

It also directly affects oil prices, because crude oil is the essence of gasoline. If reserves are small, oil prices will also rise; 3. Changes in international crude oil prices will also directly affect oil prices; 4. Politics and wars will also directly affect oil prices.

Warm reminder: The above information is for reference only and does not make any recommendations.

Response time: 2021-03-19. For the latest business changes, please refer to the official website of Ping An Bank.