What's going on with the crude oil price? Why is it still pushing up?

Can anybody explain to me why is the price of crude oil continues to pushing upward?


The highest price in mid summer was $75, and at the time I thought that was high. Now, it seems the price $75/barrel is like a miracle.


Are we demanding more oil during the winter month than the busy summer season? What is going on? Was there a hurricane hit somewhere that I missed? Is the hurricane season still going on?


I can't understand the spike in the crude oil price so late in the year.What's going on with the crude oil price? Why is it still pushing up?
Demand for oil continues to grow while supplies are peaking. China and other countries are industrializing. More products are based on fossil fuels. Unfortunately the price is only going to rise.What's going on with the crude oil price? Why is it still pushing up?
Because you are STILL driving everyday a car that runs on gasoline alone.





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When the fed cut rates it made the dollar much weaker hence the price of all commodities rose in price since commodities are priced in dollars.