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Experts: Global Instability Helping Push Up Oil Prices

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Experts: Global Instability Helping Push Up Oil Prices

Business

Experts: Global Instability Helping Push Up Oil Prices

Experts: Global Instability Helping Push Up Oil Prices

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  • <iframe src="https://www.npr.org/player/embed/1912135/1912136" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Experts say the current high prices for crude oil and gas are more than just a result of growing demand. The costs involved in shipping oil from politically shaky places like the Middle East and Angola — increased insurance premiums, higher salaries for workers — are also playing a significant role in pushing up prices, experts say. Hear NPR's Scott Horsley.