What Is The Current Situation Of World Oil Prices?

Regardless of what any law implies, some situations just prove to be an absolute exception to the conventional theories and the obvious fiats.  One such situation is the recent fall in oil prices all over the world.  According to a general norm, when the supply is scarce, prices have a strong tendency to rise.  However in this situation, it is the opposite case as despite the lost production of oil in Nigeria, which is the world's sixth biggest exporter of crude, oil prices fell dramatically against the usual happening.

Experts all over the world are astonished over the very happening, trying their best to come up with logical explanations to whatever happened in the oil market.  Moreover they are attempting to search for factors other than the damage in the Nigerian oil market that could justify the dramatic and unexpected fall in the world oil prices.  Some of these factors could be inclusive of the elections in Nigeria, the death of people in Nigeria during the elections and happenings in other oil markets of the world.