WHAT ARE THE FACTORS INFLUENCING OIL MARKET DYNAMICS?
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WHAT ARE THE FACTORS INFLUENCING OIL MARKET DYNAMICS?
Annotation
PII
S0207-36760000375-1-1
DOI
10.31857/S60000375-1-1
Publication type
Article
Status
Published
Edition
Pages
64-83
Abstract
The paper reviews the main tendencies of the oil market over the last several years. Given that the explosive growth in crude oil prices during 2007 — the first half of 2008 was caused by speculations the current drop is not a temporary relief in the course of commodities super-cycle and the boom has come to an end. Crude oil prices' ability to provide the sustainable development of the world economy seems to become the main principle of price formation during the foreseeable future.
Keywords
oil market, emerging market, oil prices
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