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Reabold Resources plc

Supply, demand and ‘geopolitical tensions’: How oil prices rise

Global oil prices spiked Monday by a whopping 20% seemingly overnight after an attack on a major oil facility in Saudi Arabia.

With global consumption at 100 million barrels of oil a day, the sudden rise in oil prices had a ripple effect on international markets, which took a tumble Monday. ABC News spoke to an oil industry expert to break down what exactly causes the prices for this global commodity to rise and fall.

Reabold Resources plc (LON:RBD) is an investor in near-term, high growth upstream oil & gas projects where an injection of its capital facilitates near-term activity. Reabold’s assets include Monroe Swell, West Brentwood & Grizzly Island, in California, US.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.