Oil prices

Oil prices

Oil prices

Introduction

Over the years, the international finances has been functioning in an natural environment of unchanging oil price fluctuation. There are a broad variety of components which can be attributed to oil price fluctuation, such as: variability in developed performance; assets scarcity; worldwide trade; currency fluctuations; international government and regulations. Apart from these significant components, which have generally influenced oil prices, the 2007 borrowing crunch blew in the United States is another significant variable that has subsequently produced in worldwide economic and financial crisis.

Global Effects of Oil Price Fluctuations

The fluctuation of oil prices and the worldwide financial volatility ...