How are oil prices regulated?

Oil prices are regulated in a very complicated manner that doesn't go by supply and demand, as most other products do. ​It isn't restricted on market sentiment toward the physical products, in other words. It is more regulated by massive trade by spectators and by stock trading. The separation pulse could lead to devastating consequences, but it is what it is. Nothing can be done about it. Prices can skyrocket at any time, which is scary. A lot if regulated by the pulse of the trade market or stock market, which always fluctuates according to what else is going on in the world.

That is very unnerving. Oil has been priced in strange ways, even dating back to the 1800s when it was discovered as a resource in Romania and then in the United States, in Pennsylvania. Much has changed about it over the years, but one thing is for sure, the pricing is not typical of the pricing of other commodities and probably never will be.