How the price of oil is set and how this affects your pocket

Supply and demand are not the only elements that come into play when determining the price of oil.

As you could see recently, a drone attack on facilities in Saudi Arabia, the world's second largest oil producer, caused the price of crude oil to skyrocket by 20% in just under 48 hours.

But also the politics and interests of the countries that produce and consume the most oil play an increasingly important role in the price of the so-called black gold.

In this video we tell you how the price of oil is set and how it can affect your pocket.

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