Most of us greet the news that oil has fallen to $50 a barrel with a shrug of our shoulders. It goes up, it goes down; no one dies. We fail to engage because we don’t understand what drives it either way, or how it affects us. As with all commodities, supply and demand plays a big part in its price. It peaked in 2008, but the subsequent global downturn saw it experience one of the sharpest drops in history.
![Why Oil Prices Fluctuate #Infographic #Industries Why Oil Prices Fluctuate](https://s-media-cache-ak0.pinimg.com/originals/90/a1/58/90a1583627f86bcbe23e4810b4362e1f.png)
Infographic by: www.jonesoil.ie
![Why Oil Prices Fluctuate #Infographic #Industries Why Oil Prices Fluctuate](https://s-media-cache-ak0.pinimg.com/originals/90/a1/58/90a1583627f86bcbe23e4810b4362e1f.png)
Infographic by: www.jonesoil.ie