human
I've heard that the price of oil will go up. What does that mean for me?
assistant
The price of oil is a global commodity, and it fluctuates based on supply and demand. When the price of oil goes up, it means that there is more demand than supply, so the price goes up. This can have a variety of effects on different people and businesses. For example, if you are a consumer, then the higher cost of oil may translate into higher prices at the gas pump or in other goods and services. If you're an oil company, then the higher price of oil could lead to increased profits.