As a basic energy product, petroleum currently accounts for about 40% of the world's total energy consumption. As an important kind of material resource, it is the main driving force of modern economic development. The twentieth century is called the century of oil. The rapid development of world economy in the 20th century is closely related to the large-scale development and utilization of petroleum resources. Modern life can not be separated from the consumption of petroleum. The economic growth of the modern society will inevitably bring about an increase in the demand for petroleum consumption. The status and role of oil are as follows: Oil is an important energy source; oil is an important driving force for the economic development of all countries; oil is an important guarantee for national security. This paper mainly uses the "three-factor analysis method", namely: supply and demand factors, cost factors, financial factors, a comprehensive analysis of the changing rules of international crude oil prices.

Hengyu Lyu,Yuwen Chang.Research and Analysis of International Crude Oil Price Law.  International Journal of New Developments in Engineering and Society (2017) Vol.1, Num.3: 72-77.

[1]Zhu Runmin. Why do I accurately predict oil prices three times? [BP] PetroChina, 2015,01: 78-79.
[2]Zhang Kang, Lu Quanjie. The root causes of oil prices and far-reaching impact [J]. Chinese and foreign energy, 2015,05: 1-15.
[3]Dong Zhenyu, Feng Enmin, Yin Hongchao, Zhang Yuduo.A dual-layer random integer programming model, algorithm and application of international crude oil price forecast [J].
[4]Wang Shuping, Zhu Yanyun.Study on forecasting method of international crude oil price based on multi-scale analysis [J] .Proc., 2015,10: 1-5.
[5]Li Kangqi, He Miao.
BRENT Crude Oil Price Volatility and Forecast [J]. Modern Business, 2015,26: 44-45.
[6]Ji Qiang, Liu Bingyue, Xi Wenwen, Fan Ying. International crude oil market trend analysis and price forecast in 2016 [J]. Chinese Academy of Sciences, 2015,06: 818-823.
[7]Peng Peng. Study on the Linkage between the US Dollar Index and International Oil Price Fluctuation [J]. Theory and Practice of Price, 2016,02: 124-127.
[8]Li J. GA-BP algorithm in gold price forecasting [J]. Financial Economics, 2010,02: 73-74.
[9]Zhang Yinghong, Ma Baoling. Analysis of the main controlling factors of international crude oil prices [J]. Chinese and Foreign Energy, 2010,04: 12-17.
[10]Yang Yunfei, Bao Yukun, Hu Zhongyi, Zhang Rui. Chinese Journal of Management, 2010,12: 1884-1889 .An Approach to Predict Crude Oil Price Based on EMD and SVMs [J]. Chinese Journal of Management, 2010,12: 1884-1889.
[11]Zheng Junyan. International Crude Oil Price Prediction Based on Wavelet Transform and Support Vector [J]. Value Engineering, 2012,05: 140-141.
[12]Hu Aimei, Wang Shuping.Comparison and Analysis of International Oil Price Forecast Based on ARIMA and GARCH Model [J] .Journal of Economic Research, 2012,26: 196-199.
[13]Chen Minghua. Research on International Oil Price Fluctuation Based on Financial Factors[D] .Shandong University, 2012.
[14]Hu Shan. Hybrid neural network in oil price forecasting application research [D]. Nanchang University, 2013.
[15]Cheng Weili.Quantitative Analysis of Factors Influencing International Oil Price [J]. International Petroleum Economics, 2005, 08: 40-43 + 71.
[16]Cheng Yan, Liu Qingzhi.
Neural Network in the prediction of refined oil prices [J]. Journal of Shandong University of Technology (Natural Science Edition), 2005,05: 64-68.
[17]Li Cheng, Zhou Heng. Prediction of crude oil price based on neural network [J]. Statistics and Decision, 2013,08: 67-69.
[18]Qu Haixu. Cost prediction method and application in oil and gas field development [D]. Northeast Petroleum University, 2013.
[19]Liu Ning. International oil prices impact factors [D]. Huazhong University of Science and Technology, 2009.
[20]Pan Fei. Improved Gray Prediction Model in Sinopec Oil and Gas Cost Forecast [D]. China University of Petroleum, 2011.
[21]Huang Xuming. How to Pricing Overseas Refined Oil? - He Manqing, Director of Transnational Corporations Research Center, Institute of International Trade and Economic Cooperation, Ministry of Commerce [J]. China Petroleum Enterprises, 2014,05: 49-53 + 4.
[22]ZHENG De-peng. Characteristics of upstream costs of Chinese and foreign oil companies during 2003-2013 and their implications [J]. International Petroleum Economics, 2014,07: 54-60 + 112.
[23]Zheng Depeng. Comparative analysis of upstream and downstream cost indices and costs between Chinese and foreign oil companies [J]. International Petroleum Economics, 2008,09: 33-39 + 82.
[24]ZHENG De-peng. Analysis of upstream cost and influencing factors of oil companies in 2008 [J]. International Petroleum Economics, 2009,09: 39-46 + 95.
[25]Zheng Depeng. Comparative study of Chinese and foreign oil and gas costs [D]. Dalian University of Technology, 2002.
[26]Gao Hongguang, Lv Anming factors affecting the cost of imported crude oil and control measures [J] Qilu Petrochemical, 2001,03: 239-242.
[27]Cui Qing, Liu Linwei, Sun Kaidong. Analysis of the influencing factors of international oil prices [J]. Neijiang Science and Technology, 2011,07: 22 + 42.