People are consumers, they don't like higher prices on goods unless they are buying something like Gucci or Rolex. So when crude oil is raging higher, it is natural for people to root against the market and hope that it goes down. Unlike stocks, where the majority of participants are rooting for the market to go up. That is why crude oil is still such a great long because there are so many skeptics, a wall of worry about buying into a bubble so to speak. These are the best markets to go long, strong uptrends in the face of lots of skepticism about the uptrend. Until we convert the skeptics into believing that this move in crude oil is real demand, the market will continue to trend higher. This bias for a desire for lower crude oil prices shows up in people's predictions of the future, and as a result, their trading actions. Right now, the talking fish are raging on about crude oil being a bubble, that its unsustainable, that its speculation, the weak dollar, anything but real demand. Look around. The internet is loaded with information sources. Some are totally objective and some are very biased. But the objective data has shown that oil supply has plateaued as demand has been rising over the past few years. That is your answer for why crude oil prices have been going up. Sure, a small factor is due to the dollar weakening, but it is a small factor. The major reason is that supply is tight and worldwide demand is still strong at these prices. Its that simple. Until either supply increases significantly or demand decreases significantly, oil will remain high.