closing price of crude oil

What make the oil prices go higher?

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What makes the prices of oil go higher is available in varied types of factors. One of the factors is the performance of dollar in the stock market. Why? because the prices of oil in the market is valued in US dollars. Hence, if dollar is having a slump against other money currencies, then it will be likely for the oil prices to have a decline in the market. For example, if the value of dollar currency decreases by 5 percent, then the price of oil will be in the opposite direction, which is going up from its current position.