Crude oil price is one of the most watched commodity prices on Earth, not just by investors but by regular people as well. As the price of oil goes up, so too does the price of gasoline and that can affect a lot of people. As a result, many people are paying attention to the rising price of crude oil to see what affect it is going to have on the economy, the stock market, and summer travel plans.

This post is focused on determining what influences the oil prices and how oil price changes can affect the economies around the globe. Article also argues that America should not solely depend on oil from outside and that we should research into alternate source of energy