Oil Price Volatility
Abstract
Over the last 14 months, the average price of oil has gone down by about 60%. Oil prices fluctuate for a numerous of reasons. To name few are like, rise in global economic activity can bring demand and hail prices higher, while increasing production rates can cause prices to decline as well; although simple economic supply and demand tales are useful in describing the oil price movements.
Keywords: Oil prices, economic activity, supply and demand
Cite this Article
SitanshuTiwari, KartikParolia, Pranav Kailaet al. Oil Price Volatility.Journal of Offshore Structure and Technology. 2016; 3(3): 38–40p.
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https://www.eia.gov/finance/markets/spot_prices.cfm
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