58 926
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Microeconomics Question for thanes

Question #15963
factors influencing prices in the global oil market
Expert's answer
1) As oil is used in production of a set of consumer goods, from the electric power to food, from fuel to transportations, demand for such goods is reflected on the oil price in the global oil market.
2) During winter months, more electric power is used for heating, than in other months. So, the following factor is seasonality.
3) Many events, such as weather conditions, wars, terrorism, political disorders and solutions of the countries of importers of oil of OPEC about quotas on oil can entail serious changes in the price, growth or falling oil’s prices in the global oil market.
4) Considering that the prices for oil are quoted in the US dollars, many influencing factors of dollar can have impact on the oil market as a whole. The main thing is that the movements of the prices for oil are opposite to dollar movements.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question