Here’s What Drives The Price Of Oil | CNBC

President Donald Trump’s decision to pull out of the Iran nuclear deal could rattle the oil market, but there’s a lot more to it than just that. There are many factors in play when it comes to how prices are determined. Crude is influenced by three major factors: supply, demand and geopolitics - and all three play a big role in how much Americans pay at the pump. » Subscribe to CNBC: About CNBC: From ’Wall Street’ to ’Main Street’ to award winning original documentaries and Rea