Short answer
Oil moves on two big things: how much the world wants to use (demand) and how much producers like OPEC are pumping out (supply). Geopolitics can shock both.
Why is the oil price moving?
What happened
Crude oil prices shifted on demand and supply signals.
Why it happened
Weaker economic data from big users like China lowers demand. Decisions by OPEC+ producers change supply. Tensions in oil-producing regions add a 'risk premium'.
Why investors care
Oil feeds into inflation, transport costs, airline profits and energy stocks.
How it affects ordinary people
Cheaper oil usually means cheaper petrol and less inflation pressure. More expensive oil does the opposite.
FAQ
Who decides oil supply?
Mostly OPEC+ — a group of major oil-producing countries led by Saudi Arabia and Russia.
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