Oil Price Volatility

Authors

  • sitanshu tiwari
  • Kartik Parolia
  • Pranav Kaila
  • Gurpreet Singh

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.

References

FarooqAkram Q. Commodity Prices, Interest Rates and the Dollar. Energ Econ. 2009; 31(6): 838–851p.

Elder John, ApostolosSerletis. Oil Price Uncertainty. J Money Credit Bank. 2010; 42(6): 1137–1159p.

Baumeister Christiane, Lutz Kilian. Understanding the Decline in the Price of Oil since June 2014. CFS Working Paper No. 501. Feb 2015. Real-Time Forecasts of the Real Price of Oil. J Bus Econ Stat. 2012; 30(2): 326–336p.

https://www.eia.gov/finance/markets/spot_prices.cfm

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Published

2016-12-01

Issue

Vol. 3 No. 3 (2016)

Section

Articles

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